• bitcoinBitcoin(BTC)$120,906.001.71%
  • ethereumEthereum(ETH)$3,024.181.10%
  • rippleXRP(XRP)$2.984.38%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$698.330.90%
  • solanaSolana(SOL)$166.252.11%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2014870.15%
  • tronTRON(TRX)$0.300437-1.02%
  • staked-etherLido Staked Ether(STETH)$3,023.351.01%
  • cardanoCardano(ADA)$0.74-0.81%
  • HyperliquidHyperliquid(HYPE)$48.05-0.54%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$120,638.001.80%
  • stellarStellar(XLM)$0.464547-0.80%
  • suiSui(SUI)$3.9011.60%
  • Wrapped stETHWrapped stETH(WSTETH)$3,663.381.28%
  • hedera-hashgraphHedera(HBAR)$0.240574-3.12%
  • bitcoin-cashBitcoin Cash(BCH)$507.89-0.21%
  • avalanche-2Avalanche(AVAX)$21.661.42%
  • leo-tokenLEO Token(LEO)$9.01-0.29%
  • Wrapped eETHWrapped eETH(WEETH)$3,250.831.43%
  • shiba-inuShiba Inu(SHIB)$0.0000141.06%
  • the-open-networkToncoin(TON)$3.01-0.81%
  • WETHWETH(WETH)$3,025.111.07%
  • litecoinLitecoin(LTC)$96.300.27%
  • USDSUSDS(USDS)$1.000.02%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.14%
  • whitebitWhiteBIT Coin(WBT)$46.13-0.24%
  • moneroMonero(XMR)$343.752.03%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$120,920.001.68%
  • polkadotPolkadot(DOT)$4.040.44%
  • uniswapUniswap(UNI)$9.368.13%
  • Ethena USDeEthena USDe(USDE)$1.00-0.10%
  • bitget-tokenBitget Token(BGB)$4.441.48%
  • pepePepe(PEPE)$0.000012-0.43%
  • aaveAave(AAVE)$321.102.70%
  • BittensorBittensor(TAO)$414.584.84%
  • daiDai(DAI)$1.000.04%
  • Pi NetworkPi Network(PI)$0.463294-1.47%
  • crypto-com-chainCronos(CRO)$0.1082494.03%
  • aptosAptos(APT)$5.050.63%
  • nearNEAR Protocol(NEAR)$2.622.59%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.11%
  • internet-computerInternet Computer(ICP)$5.500.37%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$201.872.02%
  • OndoOndo(ONDO)$0.920.65%
  • ethereum-classicEthereum Classic(ETC)$18.781.47%
  • okbOKB(OKB)$47.69-2.30%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.2802048.32%
  • mantleMantle(MNT)$0.724.28%
  • kaspaKaspa(KAS)$0.085863-2.49%
  • USD1USD1(USD1)$1.00-0.03%
  • EthenaEthena(ENA)$0.345588-0.01%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2375851.98%
  • cosmosCosmos Hub(ATOM)$4.64-1.46%
  • vechainVeChain(VET)$0.024680-0.77%
  • arbitrumArbitrum(ARB)$0.412100-0.35%
  • bonkBonk(BONK)$0.0000265.09%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • render-tokenRender(RENDER)$3.810.31%
  • fasttokenFasttoken(FTN)$4.510.28%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.730.24%
  • Official TrumpOfficial Trump(TRUMP)$9.51-2.83%
  • gatechain-tokenGate(GT)$15.80-0.85%
  • sei-networkSei(SEI)$0.3326511.62%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,021.290.82%
  • worldcoin-wldWorldcoin(WLD)$1.05-0.52%
  • filecoinFilecoin(FIL)$2.60-0.35%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$121,077.002.45%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.027479-5.25%
  • quant-networkQuant(QNT)$115.820.61%
  • SkySky(SKY)$0.0791170.48%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$176.692.44%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.780.96%
  • JupiterJupiter(JUP)$0.50-0.40%
  • SPX6900SPX6900(SPX)$1.592.19%
  • kucoin-sharesKuCoin(KCS)$11.450.13%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.31%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,171.801.20%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,448.541.01%
  • CelestiaCelestia(TIA)$1.931.42%
  • USDT0USDT0(USDT0)$1.00-0.06%
  • FartcoinFartcoin(FARTCOIN)$1.334.64%
  • nexoNEXO(NEXO)$1.322.43%
  • xdce-crowd-saleXDC Network(XDC)$0.0809457.87%
  • StoryStory(IP)$4.381.77%
  • blockstackStacks(STX)$0.800.85%
  • injective-protocolInjective(INJ)$12.48-0.92%
  • flare-networksFlare(FLR)$0.0172420.92%
  • optimismOptimism(OP)$0.681.83%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$120,446.001.70%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,228.650.66%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,178.590.93%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.73-0.44%
  • SonicSonic(S)$0.348930-3.74%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • dogwifhatdogwifhat(WIF)$1.021.81%
  • bitcoinBitcoin(BTC)$120,906.001.71%
  • ethereumEthereum(ETH)$3,024.181.10%
  • rippleXRP(XRP)$2.984.38%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$698.330.90%
  • solanaSolana(SOL)$166.252.11%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2014870.15%
  • tronTRON(TRX)$0.300437-1.02%
  • staked-etherLido Staked Ether(STETH)$3,023.351.01%
  • cardanoCardano(ADA)$0.74-0.81%
  • HyperliquidHyperliquid(HYPE)$48.05-0.54%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$120,638.001.80%
  • stellarStellar(XLM)$0.464547-0.80%
  • suiSui(SUI)$3.9011.60%
  • Wrapped stETHWrapped stETH(WSTETH)$3,663.381.28%
  • hedera-hashgraphHedera(HBAR)$0.240574-3.12%
  • bitcoin-cashBitcoin Cash(BCH)$507.89-0.21%
  • avalanche-2Avalanche(AVAX)$21.661.42%
  • leo-tokenLEO Token(LEO)$9.01-0.29%
  • Wrapped eETHWrapped eETH(WEETH)$3,250.831.43%
  • shiba-inuShiba Inu(SHIB)$0.0000141.06%
  • the-open-networkToncoin(TON)$3.01-0.81%
  • WETHWETH(WETH)$3,025.111.07%
  • litecoinLitecoin(LTC)$96.300.27%
  • USDSUSDS(USDS)$1.000.02%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.14%
  • whitebitWhiteBIT Coin(WBT)$46.13-0.24%
  • moneroMonero(XMR)$343.752.03%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$120,920.001.68%
  • polkadotPolkadot(DOT)$4.040.44%
  • uniswapUniswap(UNI)$9.368.13%
  • Ethena USDeEthena USDe(USDE)$1.00-0.10%
  • bitget-tokenBitget Token(BGB)$4.441.48%
  • pepePepe(PEPE)$0.000012-0.43%
  • aaveAave(AAVE)$321.102.70%
  • BittensorBittensor(TAO)$414.584.84%
  • daiDai(DAI)$1.000.04%
  • Pi NetworkPi Network(PI)$0.463294-1.47%
  • crypto-com-chainCronos(CRO)$0.1082494.03%
  • aptosAptos(APT)$5.050.63%
  • nearNEAR Protocol(NEAR)$2.622.59%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.11%
  • internet-computerInternet Computer(ICP)$5.500.37%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$201.872.02%
  • OndoOndo(ONDO)$0.920.65%
  • ethereum-classicEthereum Classic(ETC)$18.781.47%
  • okbOKB(OKB)$47.69-2.30%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.2802048.32%
  • mantleMantle(MNT)$0.724.28%
  • kaspaKaspa(KAS)$0.085863-2.49%
  • USD1USD1(USD1)$1.00-0.03%
  • EthenaEthena(ENA)$0.345588-0.01%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2375851.98%
  • cosmosCosmos Hub(ATOM)$4.64-1.46%
  • vechainVeChain(VET)$0.024680-0.77%
  • arbitrumArbitrum(ARB)$0.412100-0.35%
  • bonkBonk(BONK)$0.0000265.09%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • render-tokenRender(RENDER)$3.810.31%
  • fasttokenFasttoken(FTN)$4.510.28%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.730.24%
  • Official TrumpOfficial Trump(TRUMP)$9.51-2.83%
  • gatechain-tokenGate(GT)$15.80-0.85%
  • sei-networkSei(SEI)$0.3326511.62%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,021.290.82%
  • worldcoin-wldWorldcoin(WLD)$1.05-0.52%
  • filecoinFilecoin(FIL)$2.60-0.35%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$121,077.002.45%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.027479-5.25%
  • quant-networkQuant(QNT)$115.820.61%
  • SkySky(SKY)$0.0791170.48%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$176.692.44%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.780.96%
  • JupiterJupiter(JUP)$0.50-0.40%
  • SPX6900SPX6900(SPX)$1.592.19%
  • kucoin-sharesKuCoin(KCS)$11.450.13%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.31%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,171.801.20%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,448.541.01%
  • CelestiaCelestia(TIA)$1.931.42%
  • USDT0USDT0(USDT0)$1.00-0.06%
  • FartcoinFartcoin(FARTCOIN)$1.334.64%
  • nexoNEXO(NEXO)$1.322.43%
  • xdce-crowd-saleXDC Network(XDC)$0.0809457.87%
  • StoryStory(IP)$4.381.77%
  • blockstackStacks(STX)$0.800.85%
  • injective-protocolInjective(INJ)$12.48-0.92%
  • flare-networksFlare(FLR)$0.0172420.92%
  • optimismOptimism(OP)$0.681.83%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$120,446.001.70%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,228.650.66%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,178.590.93%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.73-0.44%
  • SonicSonic(S)$0.348930-3.74%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • dogwifhatdogwifhat(WIF)$1.021.81%

The crypto industry is entering a new era. Once perceived as a fringe movement run by hobbyists, it’s now stepping confidently into public markets. With robust governance structures, transparent financials, and scalable business models, digital asset firms are proving they’re no longer just experiments, they’re IPO-ready.

Source: Chad Steingraber
Source: Chad Steingraber

Speaking to Cointelegraph, MEXC Chief Operating Officer Tracy Jin captured the moment: “Crypto is no longer a nascent industry run from garages.” The proof? Circle, the issuer of the USDC stablecoin, made a historic public debut on June 5, raising $1.1 billion and posting a 167% gain on its first day of trading. Just a day later, Gemini filed confidentially for a US listing, followed by Bullish, backed by billionaire Peter Thiel doing the same on June 10.

Regulation and Market Sentiment Fuel IPO Boom

According to Jin, this boom isn’t just about hype, it’s built on real progress. Improved regulatory clarity and bullish market sentiment are driving the trend. “Improved market sentiment is the fundamental of a successful launch,” she said, referring to the wave of capital flowing into spot Bitcoin and Ether ETFs in the US.

Tracy Jin

But it’s not just investor optimism. Regulatory frameworks such as Europe’s Markets in Crypto-Assets Regulation (MiCA) and recent US ETF approvals have begun de-risking the crypto sector for institutional players. “For years, the ambiguity in jurisdictions like the United States made public market investors wary,” Jin noted. “The new rules may not be comprehensive, but they provide enough structure to legitimise listings in the eyes of Wall Street.”

What Makes a Crypto Firm IPO-Ready Today?

Not all crypto firms will thrive in this IPO wave. Jin believes only those with clear, defensible business models, more fintech than token play will dominate. Exchanges, blockchain analytics firms, staking services, custody providers, and stablecoin issuers are leading contenders.

Unlike in previous cycles, today’s crypto companies are more sophisticated. They come equipped with compliance departments, investor relations teams, audited accounts, and diversified revenue streams from trading, staking, custody, and more. These qualities align them more closely with traditional fintech firms, making them more attractive to public market investors.

Jin believes this selectivity will define the IPO landscape moving forward. “The momentum is sustainable, but it will be selective,” she emphasised. Companies that rely purely on token speculation or lack operational maturity will likely be filtered out.

The Next Crypto Growth Engine?

While much of the IPO activity is centred in the US, Asia may soon become the next hotspot for crypto innovation and adoption. Jin highlighted Japan’s Metaplanet, which adopted a Bitcoin treasury strategy as an early example of this regional shift. “It’s not just a MicroStrategy story anymore,” she said. With concerns over yen depreciation, Bitcoin is increasingly seen as a hedge in Asia.

Source: Strategy
Source: Strategy

She also pointed to the rise of crypto-linked structured products as a gateway to institutional acceptance. For instance, Metaplanet’s use of convertible notes, offering both yield and BTC upside could inspire similar instruments from banking giants like Goldman Sachs and JP Morgan. Jin calls these products “a blueprint for mainstream adoption” starting small, then building broader institutional comfort with digital assets.

Crypto’s Institutional Evolution

The crypto industry is no longer on the fringes, it’s carving a place at the centre of modern finance. With IPOs from major players like Circle and Gemini, rising institutional interest, and clearer regulations, the sector is entering a phase of sustained, selective growth.

Tracy Jin’s message is clear: this isn’t just a bull market flash, it’s a structural evolution. The firms that succeed won’t be those chasing hype, but those building like traditional financial institutions, with the tech, governance, and transparency to back it up.

Related Posts