BitGo Files for Public Listing as Crypto Market Surges 67%

BitGo, a prominent crypto custody firm in the US, has confidentially filed for a public listing. This move positions the company among a growing list of digital asset firms seeking to capitalize on the rising investor appetite and favorable political environment. Founded in 2013, BitGo specializes in securing and managing digital assets for institutional clients. The company's assets under custody have grown significantly, reaching $100 billion, up from $60 billion in the first half of 2025.

BitGo's decision to go public comes at a time when the crypto industry is experiencing renewed momentum. The total market value of the crypto industry recently surpassed $4 trillion for the first time, driven by a record-breaking rally in Bitcoin, which climbed above $120,000. This surge in market value, coupled with increased regulatory clarity and institutional inflows, has revived interest in crypto listings.

Political support for the crypto industry has also grown more visible. Last week, the US President signed the first federal legislation to regulate stablecoins, highlighting the government's commitment to cementing American dominance in global finance and crypto technology. This legislative move has emboldened several companies in the space, with exchange operator Bullish, Grayscale, and Gemini also disclosing their IPO plans. Circle, the issuer of USDC, debuted publicly in June with a strong market reception.

BitGo is now looking to capitalize on this wave of momentum. Earlier this year, the company launched an over-the-counter trading desk for digital assets to meet rising demand from hedge funds and other institutional players. The desk offers spot and options trading as well as lending for margin trades. BitGo has also been expanding internationally, securing regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework, allowing it to extend its services across the bloc.

In addition to its expansion in the crypto space, BitGo is exploring a deeper foothold in traditional finance. In May, the company was reported to be among a handful of crypto firms seeking a US bank charter, pending regulatory clarity. If granted, this move would allow BitGo to broaden its financial offerings within the existing banking system.

In 2023, BitGo raised $100 million at a valuation of $1.75 billion. Since then, it has quietly built a presence as a key infrastructure player in the crypto ecosystem. With market conditions turning more favorable and political support growing, BitGo’s IPO could mark a pivotal moment for the company and for the broader push to bring digital asset firms into the financial mainstream.