BitGo to Go Public This Year
BitGo is considering an initial public offering (IPO) and is in discussions about potential advisory arrangements for a listing as early as the second half of 2025, according to sources familiar with the situation.
Based in Palo Alto, California, the crypto custody firm is among a growing number of crypto companies planning to enter the public markets.
Gemini is contemplating an IPO this year, as is Bullish Global, a crypto exchange operator backed by Peter Thiel. Additionally, Circle and Kraken have also shown interest in going public.
Founded in 2013, BitGo provides services to more than 1,500 institutional clients across 50 countries, handling about 8% of global Bitcoin transactions by value.
The company offers custody services that compete with major entities like Coinbase and provides trading, borrowing, and lending of digital assets.
