As a result of favorable regulations and increasing institutional interest, BitGo, a crypto custodian, is contemplating an IPO in H2 2025.
BitGo, a cryptocurrency custodian, is contemplating an initial public offering (IPO) in the latter half of 2025.
In the wake of the second Donald Trump administration’s vocal support for the digital asset sector, there has been a resurgence of confidence in crypto regulation.
Crypto Unicorn Bitgo Is Set to Go Public
While negotiations with prospective advisors are currently ongoing, Bloomberg has not yet concluded. BitGo has yet to provide an official confirmation of its potential IPO. Nevertheless, the company’s deliberations indicate that it is preparing for a public debut in response to the growing institutional interest in the crypto industry.
Established in 2013, BitGo has evolved into a prominent crypto custodian, serving over 1,500 institutional customers in over 50 countries. The organization provides a wide range of services, such as lending, borrowing, trading, and crypto custody.
This further solidifies its status as a significant participant in the industry, as it processes approximately 8% of all global Bitcoin transactions. BitGo has recently disclosed a significant milestone for the crypto custodian.
The announcement stated that BitGo has now secured over $100 billion in assets under custody, thereby securing the position of the world’s foremost independent custodian.
In the interim, BitGo’s IPO ambitions are consistent with a more general trend of cryptocurrency companies that are preparing to go public. According to industry insiders, they seem to be taking advantage of the favorable regulatory environment that is arising under the Trump administration.
Bullish Global, a platform that is funded by billionaire Peter Thiel, is in the process of investigating an initial public offering (IPO) with Gemini, the cryptocurrency exchange founded by the Winklevoss twins.
Kraken and Circle, a stablecoin issuer, are also conducting an assessment of potential IPO opportunities. Ark Invest recently announced that the Trump administration has created a “window” for crypto companies to go public.
“One of the potential outcomes is the reopening of the initial public offering (IPO) window for late-stage digital asset companies such as Circle and Kraken,” stated a paragraph in Ark Invest’s newsletter.
In the interim, Bitpanda, a European cryptocurrency platform, is also considering the possibility of an IPO or sale at a $4 billion valuation. This surge in cryptocurrency initial public offerings (IPOs) is indicative of the industry’s growing acceptability by the general public, in spite of previous regulatory uncertainties.
In other contexts, Mike Belshe, the CEO of BitGo, has been an open advocate for Donald Trump’s policies regarding digital assets. JD Vance, the Republican nominee’s running companion, was the featured speaker at a fundraising event that Belshe organized in July 2024 for Trump’s presidential campaign. They emphasize the intimate relationship between the US president and BitGo’s leadership.
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