BitGo Eyes H2 2025 IPO Amid Crypto Surge

BitGo, a prominent cryptocurrency custodian, is considering an initial public offering (IPO) by the second half of 2025, according to multiple reports citing unnamed sources. The company, which raised $100 million in 2023 at a valuation of $1.75 billion, is in discussions with potential advisors, though no final decision has been confirmed. Founded in 2013, BitGo serves over 1,500 institutional clients worldwide and manages around 8% of global Bitcoin transactions. The firm competes with major players like Coinbase in the crypto custody space and has expanded its services to include trading, borrowing, and lending of digital assets. BitGo's exploration of an IPO comes amid a broader trend of digital asset firms, including Gemini, Kraken, and Bullish Global, considering public listings in a more favorable regulatory environment. While BitGo has not officially commented on the IPO plans, the move reflects an industry-wide push towards public equity markets.