Despite BTC Price Fall, Investors Are Eyeing These Crypto IPOs in 2026

56 mins ago

By Muthoni Mary

Market Analyst

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Three Crypto IPOs Investors Are Watching in 2026

Highlights

Kraken, ConsenSys and Ionic Digital are set to go public in 2026.
Kraken and ConsenSys already have active pre-IPO markets open to professional investors.
Ionic Digital plans to go public through a direct listing on NASDAQ.

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The price of Bitcoin has dropped from $72,000 on June 1 to $58,000 on July 1, and this drop has pushed retail traders to look for the best crypto IPOs that can deliver the same returns that the SpaceX IPO did on June 12.

Three crypto-native companies: Kraken, ConsenSys, and Ionic Digital are planning to go public in 2026, and below are the reasons why investors are closely watching these upcoming IPOs.

Kraken IPO as Valuation Outpaces Galaxy Digital and Bitmine

Kraken submitted a filing with the SEC in November 2025 for an IPO. When the company was making this filing, it had said that it planned to go public in March, but later postponed it, saying the conditions in the crypto market were too bearish.

Kraken is one of the biggest crypto exchanges, with trading volumes reaching $1.27 billion at the time of writing per CoinMarketCap data. Therefore, going public could attract the same level of interest that Coinbase did when its IPO occurred in 2021.

Kraken’s valuation of $13 billion per an April report by Bloomberg could also make it one of the biggest crypto stocks by market cap. That $13 billion valuation is higher than the market cap for already listed crypto stocks like Galaxy Digital and Bitmine.

The Kraken crypto stock is already available on the pre-IPO market on platforms like Forge Global that are only open to institutional or accredited investors.

This pre-IPO stock has gained from $29 on April 16, to $36 today, July 1. However, the shares have dropped by 47% from the November high of $69 that was reached after buying pressure increased following the exchange’s confidential IPO filing with the SEC.

Kraken Pre-IPO Stock Price Outlook — Kraken Pre-IPO Market

Kraken’s filing with the SEC did not reveal the price at which the shares are going to trade at when the IPO goes live, and there are no pre-IPO perpetual futures for this stock yet.

ConsenSys Crypto IPO Eyes Fall 2026 Debut as Firm Taps Wall Street Advisers

The ConsenSys IPO could occur between September and December 2026.

This IPO was initially set to take place between January and March 2026, but it was delayed because of bearish conditions in the crypto market that would have made the stock drop after it started trading.

ConsenSys is working with JPMorgan and Goldman Sachs as advisers for this IPO, per a report by Axios.

The ConsenSys crypto IPO could draw the attention of the Ethereum community, considering that ConsenSys is the development firm behind the Ethereum blockchain. ConsenSys is also the creator of the MetaMask crypto wallet.

The IPO filing that ConsenSys made with the SEC did not reveal a valuation, but in March 2022, the company had raised $450 million at a valuation of $7.07 billion.

The NASDAQ private market that is only open to professional investors shows that the ConsenSys stock trades in the pre-IPO market at $29 today, July 1.

This pre-IPO stock has dropped by 19% from the price of $36 reported in November 2025.

ConsenSys Crypto IPO Outlook — Consensus Pre-IPO Price

Just like Kraken, ConsenSys has not revealed the number of shares that it is going to sell at the IPO, and the stock does not have pre-IPO perpetual products.

IONIC Digital Files For Direct Listing at NASDAQ

Ionic Digital is perhaps one of the most consequential crypto IPOs that will happen in 2026, considering that the firm spun out of the Celsius crypto firm that filed for bankruptcy in 2022.

A recent report by Reuters said that Ionic Digital has filed for a direct listing on NASDAQ, where they will not issue any new shares or raise capital in the process.

The Reuters report added that the existing shareholders of this company are going to float 10.8 million shares during this listing process.

The Ionic Digital IPO stands out because it is not a native crypto stock, as the company has diversified from being purely a Bitcoin miner to offering AI infrastructure.

This pivot towards AI has also been done by other Bitcoin miners like Mara Holdings and Riot Blockchain, and their stock prices recently reached multi-month highs as the current hype around AI spilled over to the companies.

Ionic does not have an active pre-IPO market, but data from the Nasdaq private market shows that institutional investors are buying and selling the shares at $48.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Which crypto IPOs are investors watching in 2026?

Investors are watching the Kraken, ConsenSys and Ionic Digital IPOs in 2026.

2. When will Kraken go public?

Kraken initially planned to go public in March 2026 but postponed the IPO to late 2026 because of bearish conditions in the crypto market.

3. At what valuation will ConsenSys go public?

MetaMask maker ConsenSys could go public at a $7 billion valuation per the company's current pre-IPO market.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.