Optimism for Crypto IPOs Declines Amid Traditional Finance Influence

A recent report from the Crypto Finance Conference in St. Moritz, Switzerland, indicates a decline in optimism for initial public offerings (IPOs) by crypto companies as traditional financial institutions play a more significant role in the industry. According to PANews, the report highlights a shift in market sentiment following a record year in 2025, when 11 companies raised $14.6 billion through IPOs. The findings suggest a cooling of IPO enthusiasm and an increase in consolidation risks. Out of 242 respondents, 107 expressed the view that 'traditional finance is taking over the crypto industry,' marking a more than 50% increase compared to the previous year. Liquidity shortages are identified as the current major risk. Despite the tempered expectations for IPOs, attendees noted improvements in the regulatory environment for cryptocurrencies in the United States and the United Arab Emirates. The U.S. has climbed from last place to second in regulatory friendliness rankings, reflecting increased market confidence, while the UAE maintains its leading position. Consequently, the fervor surrounding the listing of cryptocurrency companies is waning.