Crypto Custodian BitGo Gears Up for Public Market Debut
Crypto Custodian BitGo Gears Up for Public Market Debut
The cryptocurrency industry is witnessing a significant shift, with more companies opting for public listings. Leading this trend is BitGo, a prominent crypto custody provider, which has officially filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This move, announced on Friday, September 19, marks a pivotal moment for the firm and the broader digital asset landscape, signaling a growing integration of crypto into traditional financial markets. BitGo's decision to go public follows its confidential filing in July, indicating a well-planned strategy to tap into public capital. The financial details revealed in the SEC filing offer a glimpse into the company's performance and potential. For the first half of the current year (2025), BitGo reported a net income of $12.6 million on revenues of $4.19 billion. This is a notable change when compared to the same period in the previous year (2024), where the company posted a net income of…