- Consensys has postponed its planned US IPO until at least the fall of 2026, citing the weak cryptocurrency market.
- Cryptocurrency markets have fallen significantly this year, causing many crypto companies to reconsider their IPO plans.
- BitGo remains the only cryptocurrency company to go public this year.
Consensys, the company behind the popular crypto wallet Dappradar, has postponed its planned US IPO until at least the fall of 2026 due to weak and volatile market conditions. This adds to the growing list of crypto companies that have postponed their 2026 IPOs.
Since February, the company, founded by co-founder Ethereum Jo Lubin worked on filing the S-1 registration statement with the U.S. Securities and Exchange Commission. However, it was never filed, which is unsurprising, given the unfortunate timing for Consensys.
In February 2026, the cryptocurrency market fell sharply due to economic uncertainty, the war against Iran, concerns about electricity rates, negative expectations regarding interest rate cuts and the outflow of funds from bitcoin ETFA wave of leveraged liquidations completed the sell-off.
Amid all these events, several companies have decided to abandon their plans to list on the US stock market. Happy Coin News already Reported, which is one of the largest cryptocurrency exchanges in the US Kraken suspended its IPO earlier this year, despite filing a confidential application with the US Securities and Exchange Commission for late 2025. This week, French hardware wallet maker Ledger also postponed its planned $4 billion listing, citing similar weak market conditions.
BitGo remains the only crypto company to conduct an initial public offering in the US this year. It raised approximately $213 billion in its January IPO, posting a 20% gain since its debut on the New York Stock Exchange. However, that momentum has faded, and BitGo shares are currently trading approximately 36% below their IPO price.
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