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The enthusiasm for fundraising in the crypto sector has completely exploded this year. Data shows that by 2025, a total of 11 crypto companies worldwide have completed IPO listings, with a cumulative financing scale of $14.6 billion. Compared to last year's dismal performance—only 4 companies listed with a total financing amount of $310 million—the growth over two years is truly remarkable.
It is worth noting that industry leaders like Gemini and Circle have successfully closed their listings this year, which also signals market confidence in the long-term value of the crypto industry. The explosive growth in financing data reflects, on one hand, the improvement in policy environment, and on the other hand, indicates that institutional investors are re-evaluating this sector.
As 2026 approaches, the market is pondering who will take the next step onto the capital stage. Following this trend, more potential projects may initiate listing plans, and the story of crypto financing is just beginning.