Crypto companies predicted to IPO in 2025 include stablecoin issuer Circle and crypto exchange Kraken.

Rising investor demand, institutional adoption, a favorable macro environment, and stable political conditions are key drivers of the “Year of the Crypto IPO,” according to Bitwise.

Bitwise also predicts Coinbase to become the most valuable brokerage to enter the S&P 500, and MicroStrategy to join the Nasdaq-100. Coinbase shares are also expected to double to $700 and overtake Charles Schwab as the most valuable brokerage platform by 2025$BTC