Ledger Halts US IPO Plans Amid Crypto Market Weakness

Recent market volatility has led Ledger to pause its initial public offering (IPO) plans in the United States. This decision is part of a broader trend in the cryptocurrency industry, where companies such as Kraken and BitGo have also slowed or put their IPO plans on hold.

The crypto wallet company, valued at around $4 billion, has not filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) to move forward with its listing. This decision comes after weaker demand for crypto stocks and unstable market conditions have pushed down valuations for many digital asset companies.