BitGo Files for U.S. IPO as Crypto Market Hits $4 Trillion Milestone
Crypto custodian BitGo has confidentially filed for a U.S. initial public offering (IPO), positioning itself to go public amid a booming digital asset market. The move comes just days after the global crypto market cap surged past $4 trillion, marking an all-time high.
Founded in 2013, BitGo is one of the largest digital asset custodians in the U.S., securing billions in crypto for institutional clients such as exchanges, banks, and investment firms. Though not widely known among retail investors, BitGo’s role in the infrastructure of digital finance has become critical as traditional institutions increasingly enter the crypto space.
This IPO filing aligns with a broader trend: crypto firms racing to go public as investor appetite grows. Recent listings include Circle (CRCL), which has surged over 630% post-IPO, and eToro (ETOR). Others like Grayscale, Gemini, and Bullish Exchange are also planning listings.
BitGo’s IPO marks another step toward the industry's maturity and integration with Wall Street, especially as U.S. lawmakers move closer to passing crypto regulation.
🔍 Key Points:
BitGo filed confidentially for IPO in the U.S.
Crypto market cap surpassed $4T last week.
Industry is experiencing a wave of public listings.
No IPO timeline or valuation announced yet.
Raised $100M in 2023 at $1.75B valuation.
As interest in crypto equities rises, BitGo’s IPO could offer investors another strong option for institutional-level exposure to the growing digital asset ecosystem.
