BitGo, a crypto custodian based in Palo Alto, California, is reportedly exploring the possibility of going public through an initial public offering (IPO) in the second half of 2025. The move is in line with a growing trend among crypto companies that are eyeing public market debuts, including Gemini, Circle, Kraken, and Bullish Global. BitGo, founded in 2013, serves over 1,500 institutional clients worldwide and processes about 8% of global Bitcoin transactions by value. The company offers custody services, trading, borrowing, and lending of digital assets to compete with major players like Coinbase. BitGo raised $100 million in 2023 at a valuation of $1.75 billion, with investors including Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners. While the company has not confirmed the IPO plans, discussions and considerations are ongoing.



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