BitGo Eyes Public Debut as Pro-Crypto Momentum Builds Under Trump
Main Idea
BitGo, a major US crypto custody firm, has confidentially filed for an IPO amid favorable market conditions and growing political support for cryptocurrencies, while expanding its services and exploring traditional finance opportunities.
Key Points
1. BitGo has confidentially filed for a public listing, with its assets under custody growing to $100 billion from $60 billion in the first half of 2025.
2. The crypto industry's total market value recently surpassed $4 trillion, driven by a Bitcoin rally and increasing political support.
3. BitGo has expanded its trading services and secured regulatory approval under the EU's MiCA framework to extend its services across Europe.
4. The company is exploring a US bank charter to broaden its financial offerings within the traditional banking system.
5. BitGo raised $100 million at a valuation of $1.75 billion in 2023 and is now positioning for an IPO amid favorable market and political conditions.
Description
BitGo, one of the US’ largest crypto custody firms, has confidentially filed for a public listing, the company said on Monday. The move positions it among a growing list of digital asset firms looking to tap into rising investor appetite and favorable political tailwinds. The Palo Alto-based startup, founded in 2013, specializes in securing and managing digital assets for institutional clients. As demand for crypto custody surges, BitGo’s assets under custody have grown to $100b, up from $60b in...
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