BitGo Files for IPO as Crypto Market Surges

BitGo, a leading crypto custody firm with over $100 billion in assets under custody, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission as the crypto market surpasses $4 trillion in value. The company has not yet disclosed the number of shares or price range for the offering. BitGo's move follows a series of IPO filings by major crypto firms including Grayscale, Gemini, and Bullish, amid renewed investor interest and recent pro-crypto legislation signed by President Donald Trump. The company has also secured a MiCA license, enabling it to offer digital asset services across the European Union and positioning it for global growth. Successful IPOs from peers like Circle and eToro have demonstrated strong market demand, with Circle's stock rising over 600% since its debut. BitGo's listing is seen as a major step in integrating crypto with traditional financial markets.