Crypto Custodian BitGo Considers IPO in 2025

Cryptocurrency custodian BitGo is reportedly considering the possibility of launching an initial public offering (IPO) as early as the second half of the year.

According to a Bloomberg report on Tuesday, February 11, the company is engaged in discussions with potential advisers regarding a listing, although no definitive decision has been made. When contacted by PYMNTS, BitGo declined to comment on the matter.

In 2023, BitGo was valued at $1.75 billion following a $100 million fundraising round, according to Bloomberg. Founded in 2013, BitGo has grown into one of the largest U.S.-based crypto custody providers, serving over 1,500 institutional clients across more than 50 countries and handling around 8% of the world’s Bitcoin transactions by value.

In December, BitGo announced the launch of a retail platform aimed at providing customers access to digital asset trading, staking, wallets, and qualified custody services.