BitGo Files Confidential IPO Amid $4 Trillion Crypto Market Surge

BitGo, a leading U.S. crypto custody firm founded in 2013, has confidentially filed for an initial public offering (IPO) amid a robust 2025 crypto market rally and increasing regulatory clarity. The company, which manages over $100 billion in assets and offers institutional clients custody, lending, and trading services, aims to capitalize on renewed investor interest following President Donald Trump's recent signing of the GENIUS Act, establishing the first federal stablecoin regulations. This legislation, coupled with the crypto market surpassing a $4 trillion valuation, has encouraged several crypto firms, including Grayscale and Gemini, to pursue IPOs, signaling growing institutional confidence in the sector. BitGo's IPO filing remains confidential regarding share count and pricing, pending SEC review, and reflects a broader trend of crypto-native companies seeking traditional capital markets amid improved regulatory frameworks. Positioned as a provider of regulated infrastructure rather than speculative tokens, BitGo's public debut could set a precedent for valuing crypto custody firms in this new phase of market maturity. Overall, BitGo’s move underscores the sector’s shift toward stability, compliance, and institutional adoption as crypto gains mainstream financial integration.