BitGo Eyes Late 2025 IPO
BitGo Considering Late 2025 IPO
BitGo, a leading digital asset custody firm, is reportedly exploring an initial public offering (IPO) as early as the second half of 2025. This move comes amidst a surge in crypto companies seeking public listings.
Key Takeaways
- BitGo is evaluating an IPO for the latter half of 2025.
- The firm competes with major players like Coinbase, offering custody and other digital asset services.
Sources familiar with the matter indicate that BitGo is actively discussing potential advisory arrangements for its planned IPO. This follows a recent $100 million funding round in 2023, which valued the company at $1.75 billion.
The Palo Alto-based company serves over 1,500 institutional clients across 50 countries and handles an estimated 8% of global Bitcoin transactions by value. BitGo’s services include:
- Custody
- Trading
- Borrowing and Lending
Its robust investor base includes notable names such as Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners. BitGo's institutional focus and significant market share position it as a key player in the evolving crypto landscape.
While BitGo has not officially commented on the IPO plans, the discussions highlight the growing confidence in the crypto market and the increasing appeal of public listings for established firms. This trend suggests a potential maturation of the industry, as more crypto companies seek regulated and transparent growth pathways.
At Codeum, we help blockchain projects navigate the complexities of the industry through smart contract audits, KYC verification, custom smart contract & DApp development, tokenomics and security consultations, and strategic partnerships with launchpads and crypto agencies. Contact us to learn how we can secure your next project.