Decline in IPO activity in the crypto industry
According to a new CfC St. Moritz report, wealthy investors and leaders in the crypto industry expect a decline in the number of initial public offerings (IPOs) in 2026 compared to previous years. Despite forecasts of some IPO and venture activity, investors feel less confident than they did in 2025.
The main reason is the general cooling of the cryptocurrency market after the boom of recent years. Many major players who went public in 2023-2025 are now experiencing difficulties in maintaining market positions and attracting investments. This is making them more cautious about the prospects of new public offerings.
Nevertheless, experts expect that some promising crypto companies will still dare to go public in 2026, especially in areas related to institutional adoption of digital assets, decentralized finance (DeFi) and Web3. However, the overall volume of IPO activity is likely to be lower than in previous years.
Expert Opinion
The decline in IPO activity in the crypto industry is a natural stage after the rapid growth of previous years. Companies will have to weigh their IPO plans more carefully, taking into account market volatility and investor sentiment. Those who can offer truly innovative solutions and a convincing business model will still have a chance to raise capital through an IPO. But the overall number of public offerings is likely to be lower, reflecting more moderate sentiment in the crypto community.