Consensys, well known for its popular Ethereum wallet product, MetaMask, has delayed its planned U.S. IPO until at least the fall of 2026 due to weak and volatile market conditions. This adds to a growing list of crypto companies delaying their IPO plans in 2026.

The company, founded by Ethereum co-founder Joe Lubin, had been working toward filing a confidential S-1 registration statement with the U.S. SEC by the end of February.

The confidential S-1 filing is usually the first formal step toward an IPO being approved, but unfortunately, it hasn’t materialized.

Consensys had enlisted the services of banks JPMorgan and Goldman Sachs to lead the public offering, according to the report. The company was last valued at $7 billion after…