BitGo Files for US IPO Amid Record Crypto Market Growth

BitGo has confidentially filed for a U.S. initial public offering as the crypto custody provider capitalizes on surging institutional demand. Assets under custody ballooned from $60 billion to over $100 billion in the first half of 2025, mirroring the crypto market's ascent to a $4 trillion valuation.

The Palo Alto-based firm's S-1 filing follows regulatory milestones including MiCA approval in the EU and potential U.S. bank charter acquisition. Institutional adoption continues accelerating, with BitGo securing digital assets for exchanges, banks, and investment firms since its 2013 founding.

This MOVE places BitGo alongside Grayscale, Gemini, and Bullish in the wave of crypto firms pursuing public listings. The sector's momentum builds on successful debuts like Circle's 630% post-IPO surge and eToro's public listing earlier this year.