2025-02-13
Cryptocurrency custodian, BitGo, is reportedly considering an initial
public offering (IPO) as early as the second half of 2025 according to
Bloomberg.
The company is in discussions with potential advisors, though no
final decision has been made.
Founded in 2013, BitGo has become a leading U.S.-based crypto
custody firm, serving over 1,500 institutional clients across more than 50
countries and processing roughly 8% of all global Bitcoin transactions by
value.
In 2023, the company raised $100 million from investors, including
Goldman Sachs and DRW Holdings, valuing it at $1.75 billion.
BitGo's potential IPO comes at the same time with a trend of
cryptocurrency firms exploring public listings amid a more favorable regulatory
environment.
Other companies, such as Gemini, Kraken, and Circle, are also
considering IPOs in the near future.
As of now, BitGo has not officially confirmed its IPO plans.
The company continues to expand its services, including the recent launch of a retail platform offering digital asset trading, staking, wallets, and qualified custody services to individual investors.
Coinbase and Robinhood are the two crypto companies that already went public.
