BitGo Assets Surge 66% to $100 Billion on Institutional Demand Polymarket Raises $200 Million at $1 Billion Valuation

BitGo, a prominent crypto custodian, has seen its assets under custody surge to $100 billion in 2025, marking a 66% increase from $60 billion at the start of the year. This growth is driven by heightened demand for staking services, which now account for half of its holdings, and a rising tide of institutional adoption. BitGo has also expanded its operations into South Korea in 2024 and Dubai in 2025, further solidifying its position in the industry.

In contrast, Polymarket, a decentralized prediction market, is set to raise $200 million at a $1 billion valuation. The platform gained significant traction during the 2024 U.S. presidential cycle, processing over $3.3 billion in bets. This surge in popularity has attracted the attention of venture capitalists, with Peter Thiel’s Founders Fund reportedly leading a $200 million funding round. Polymarket's partnership with X further underscores its growing influence and potential.

These developments highlight the dual nature of the crypto market. Institutional players are increasingly turning to regulated, secure custodians like BitGo, which offer the compliance and security infrastructure needed to satisfy regulators. Meanwhile, decentralized applications like Polymarket are attracting venture capital, driven by the allure of high-risk, high-reward speculative plays. Both trends reflect growing confidence in the crypto economy, with institutions viewing crypto as a serious asset class and venture backers seeing new economic behaviors forming around blockchain-native markets.

BitGo's next steps could include a public listing by late 2025, while Polymarket is reportedly exploring a token launch. This move could further incentivize users and decentralize governance, making these tokens some of the best crypto to buy right now. However, it is important to conduct thorough research before making any investment decisions, as this is not financial advice.