The crypto IPO wave has one big problem: Bitcoin is still in charge

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After Circle and Bullish delivered blockbuster listings in 2025, crypto exchanges rushed toward public markets with a familiar promise: the industry is finally mature enough for Wall Street. However, the latest research from Kaiko shows that it's not as simple as that. The crypto exchange IPO wave was supposed to prove that the crypto industry […] The post The crypto IPO wave has one big problem: Bitcoin is still in charge appeared first on CryptoSlate.

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