Ledger’s DEX Move Comes Amid Broader Crypto IPO Momentum
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Ledger’s OKX DEX integration comes as reports suggest the company is exploring a US IPO that could value it at over $4 billion. While Ledger has not confirmed the plans, it would join a growing list of crypto firms considering public listings in 2026.Tokenization platform Securitize is pursuing a public debut through a SPAC merger after reporting 840% revenue growth through September 2025. Digital asset custodian Copper has also explored listing options, and US-based exchange Kraken has confidentially filed for a potential IPO — though recent executive changes have raised questions about timing. Against this backdrop, Ledger’s push to expand onchain functionality within its self-custody ecosystem signals a strategic effort to strengthen its position ahead of a possible public market debut.