Markets3 min read
South Korea's Crypto Boom Is Fading
Crypto trading activity in South Korea has fallen sharply relative to the country's stock market, underscoring how quickly sentiment can shift in one of Asia's most active retail trading hubs
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Wall Street bank predicts $1 trillion boom after IPOs
2025 was the year of initial public offerings (IPOs) in the digital assets industry amid a market boom. Several leading cryptocurrency companies like the Circle Internet Group (NYSE: CRCL), B
2025 was the year of initial public offerings (IPOs) in the digital assets industry amid a market boom.
Several leading cryptocurrency companies like the Circle Internet Group (NYSE: CRCL), Bullish (NYSE: BLSH), and Gemini (Nasdaq: GEMI) made their public debut in 2025.
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However, the crypto market crash in October 2025, along with the ongoing geopolitical tensions, has put a break on public offerings from the industry.
Still, BitGo Holdings (NYSE: BTGO) offered its IPO in January 2026 and Blockchain.com also recently filed to go public.
As per a major Wall Street bank, there is going to be a flurry of crypto IPOs in the next two years.
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Jefferies predicts crypto IPOs could lead to $1T public market
As per a recent CoinDesk report, Jefferies expects a fresh wave of crypto IPOs as institutional adoption of digital asset infrastructure gains momentum across financial institutions.
In a recent report, the investment bank said it expects crypto public listings to accelerate over the next two years and believes the sector could evolve into a $1 trillion public market within five years.
The outlook follows Jefferies’ inaugural Digital Assets Investor Conference in New York, where the bank said investor sentiment reflected growing confidence that blockchain technology is moving beyond the experimental stage and becoming part of mainstream financial infrastructure.
Jefferies identified tokenization, which means turning real world assets (RWAs) into digital tokens on blockchains, as one of the key catalysts driving that transition.
The bank also said clearer regulation could further accelerate adoption, particularly among large and heavily regulated financial institutions.
Jefferies pointed to the proposed CLARITY Act as a potential turning point for the industry, calling the legislation a possible “missing piece” that could unlock broader institutional investment and push blockchain-based finance further into the mainstream.
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