Bybit predicts Fireblocks and Chainalysis among next big crypto IPOs
Circle IPO is setting a new benchmark for crypto stock listings
According to the latest Bybit Crypto Insights report, Circle’s IPO wasn’t just a one-time success — it’s at the forefront of a trend that may reshape how public markets value digital finance.
Analysts at crypto exchange Bybit examined Circle’s recent stock market debut and concluded that Wall Street not only underestimated Circle’s value, but may now be playing catch-up as more crypto firms prepare to go public.
The Bybit Crypto Insights report, provided to Crypto.news, states that Circle’s stock surge from $31 to $107 in its first week reflects more than investor enthusiasm — it signals that traditional valuation models fail to capture the growth dynamics of the crypto sector.
Circle’s IPO is setting a new benchmark for crypto stock listings.
The report points to a structural gap in how cryptocurrency companies are evaluated, suggesting a need for updated metrics better suited to decentralized, blockchain-based business models.
Notably, a crypto-friendly regulatory climate under the new U.S. administration is accelerating IPO timelines for digital asset firms.
Among the next multibillion-dollar listings, Bybit names Fireblocks and Chainalysis. Other unnamed candidates span DeFi, security infrastructure, and stablecoin services. Bybit emphasizes that each has a distinct strategic position in the evolving digital asset landscape.
As we wrote, Circle shares open for trading on NYSE
