Blockchain.com has quietly kicked off the race to go public — filing confidentially with the U.S. Securities and Exchange Commission, according to Reuters. The move makes the long-standing crypto exchange the latest industry player to start the IPO process as the sector eyes a return to public markets. What’s happening - The confidential SEC filing begins the regulatory review process for Blockchain.com’s proposed U.S. IPO. That review typically stretches at least two to three months before a company can move forward with a public offering. - Blockchain.com has not yet disclosed how many shares it plans to sell or any price range. Those details — plus its ticker and chosen exchange — will appear in the registration statement when it is publicly filed. Where this fits in crypto’s IPO push - Blockchain.com joins other crypto firms that have announced ambitions to list in the U.S., including Grayscale and Kraken. If it completes a listing, it would be the latest in a small but growing group of crypto platforms to go public alongside names such as Robinhood, Coinbase, Bullish and Gemini. - Several other major crypto companies have stalled IPO plans amid choppy market conditions. ConsenSys and Ledger have both signalled they’ll wait for a more favorable environment; Blockchain.com’s confidential filing could be a way to prepare now while timing the actual offering for a market recovery. Ripple remains on the sidelines - Ripple, by contrast, has explicitly ruled out an imminent IPO. CEO Brad Garlinghouse told attendees at the XRP conference that the company is focused on institutional adoption rather than a near-term public listing. - Garlinghouse also said Ripple’s valuation sits around $50 billion, based on a May share buyback. Retail access to private-company outcomes - While Ripple stays private, prediction market Polymarket has launched markets that let retail traders speculate on private companies’ milestones — including valuation targets, IPO timing and secondary-market activity. Those markets offer one way for retail investors to gain exposure to outcomes typically reserved for private-market participants. Big-picture context - The push by Blockchain.com is part of a broader trend of major private tech and crypto names eyeing public markets — from SpaceX and OpenAI to a growing slate of digital-asset firms. Whether more crypto companies choose to list will likely hinge on market conditions and regulatory clarity in the months ahead. Read more AI-generated news on: undefined/news