The Rise of Crypto IPOs: From Garages to Wall Street
Tracy Jin of MEXC declares that the crypto ecosystem has matured, evolving from informal projects into true financial institutions ready to go public. Gone are the days of "running out of garages"; the industry now exhibits structured governance, audited financial statements, and scalable revenue models.
Companies like Circle and Gemini are leading the way. Circle, the USDC issuer, has already had a successful public debut, raising $1.1 billion and surging 167% on its first day. Gemini and Bullish have also confidentially filed their IPO applications.
Jin attributes this boom to positive market sentiment, driven by the capital flowing into spot Bitcoin and Ether ETFs in the United States. This bullish environment not only boosts valuations but also creates a window of opportunity for early investors. The crypto space has grown, and IPOs are proof of its new era of maturity.
