Crypto IPOs hit pause as “appetite has been sold to AI”
The rule of three means we can now declare 2026 will not be the year of crypto IPOs:
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Security hardware company Ledger,
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And crypto exchange Kraken are pausing plans to go public, according to reports from CoinDesk.
The companies have delayed their IPOs due to tough market conditions, the report said, including declined trading volume in digital assets, weak price performance of tokens, and investor interest in other sectors.
Kay Kyeongsik Woo, the founder of blockchain ride-hailing application Tada, told Sherwood News, “The market is cooled down and investors’ appetite has been sold to AI.”
Just today, AI chipmaker Cerebras Systems went…
