PANews reported on December 29th, citing DL News, that crypto companies raised approximately $3.4 billion in IPOs this year, with Circle and Bullish both exceeding $1 billion. Looking ahead to 2026: Kraken filed its S-1 petition with the SEC in November 2025, aiming for a listing in the first half of the year; Consensys, along with JPMorgan Chase and Goldman Sachs, is pushing for a mid-year IPO, with its core products being MetaMask, Infura, and Linea; BitGo updated its S-1A, targeting a Q1 listing with a valuation of approximately $1.75 billion; Animoca Brands plans a reverse merger with Currenc Group to list on Nasdaq, targeting a valuation of approximately $6 billion; Ledger is preparing a large-scale financing round to strengthen its Ledger Live and self-custody businesses; Bithumb plans to list in South Korea by the end of 2025, regaining approximately 25% of the domestic market share.