Analysis finds crypto IPO enthusiasm is slowing this year

Enthusiasm for initial public offerings by cryptocurrency companies is cooling, according to an analysis by conference organizer CfC St. Moritz, as reported by CoinDesk. The report noted that while 11 crypto firms raised $14.6 billion through IPOs last year, the trend is expected to slow this year. The analysis cited the industry's relatively small market size and a lack of liquidity as the primary risks. Additionally, the growing dominance of traditional finance in the crypto sector was identified as another factor contributing to the slowdown.