BitGo Goes Public After Trump Signs Stablecoin Bill and Crypto Market Hits $4 Trillion
- Why Is BitGo’s IPO Filing a Big Deal?
- How Did Trump’s Stablecoin Bill Impact Crypto?
- What’s Driving the Crypto IPO Boom?
- How High Can Bitcoin Go?
- What’s Next for Crypto Markets?
- FAQs
In a landmark week for crypto, BitGo filed for its IPO just days after President TRUMP signed the Stablecoin Bill into law—a move that sent shockwaves through Wall Street. With crypto’s total market cap crossing $4 trillion and major players like Bullish and Circle also going public, 2025 is shaping up to be the year institutional adoption goes mainstream. Here’s why BitGo’s timing couldn’t be better.
Why Is BitGo’s IPO Filing a Big Deal?
BitGo, one of the largest crypto custody firms in the U.S., has officially filed to go public—though it hasn’t yet disclosed share quantities or pricing. Founded in 2013 and headquartered in Palo Alto, the company isn’t just a custodian; it also offers lending, borrowing, and trading services, making it a one-stop shop for institutional clients. According to reports, assets under BitGo’s custody surged recently, thanks to clearer regulations and growing crypto adoption. Early investors like Goldman Sachs and Valor Equity Partners are now eyeing a potential windfall.
How Did Trump’s Stablecoin Bill Impact Crypto?
Timing is everything. BitGo’s IPO filing came just days after President Trump signed theinto law, marking the first federal framework for stablecoins. Trump called it a “major step to cement American dominance in global finance and crypto tech.” The law mandates consumer protections for asset-backed stablecoins (like those pegged to the U.S. dollar), aiming to reduce market volatility. Almost overnight, the regulatory clarity spurred a wave of IPO filings—and on the same day, crypto’s total market cap breached $4 trillion for the first time.
What’s Driving the Crypto IPO Boom?
Investors are pouring money back into crypto, and firms like BitGo are racing to capitalize. Earlier this year, BitGo launched an OTC trading desk for spot, options, and crypto loans—services tailored to hedge funds and institutional players. This strategic expansion aligns with its pre-IPO push to attract big-money clients. Meanwhile, competitors like Bullish (backed by Peter Thiel) and Gemini have also filed to go public, while Circle’s stock has skyrocketed 7x since its June debut. Even Mike Novogratz’s Galaxy Digital migrated from Toronto to Nasdaq. The message is clear: Wall Street wants in.
How High Can Bitcoin Go?
Bitcoin’s price surge—from $94,000 to over $118,000 this year—has added fuel to the fire. Analysts at BTCC attribute the rally to Trump-era policies, including pro-crypto legislation championed by allies like Thiel, Elon Musk, and David Sacks. With regulatory hurdles easing, institutional adoption is accelerating. As one trader quipped, “This isn’t your 2021 meme-stock frenzy. It’s the real deal.”
What’s Next for Crypto Markets?
The dominoes are falling fast. From BitGo’s IPO to Bullish’s NYSE listing (under ticker “BLSH”), the industry is maturing at breakneck speed. Even CoinDesk, acquired by Bullish in 2023, is riding the wave. As Trump’s team pushes more crypto-friendly laws, the sector could see further consolidation—and volatility. But for now, the bulls are in charge.
FAQs
When did BitGo file for its IPO?
BitGo filed shortly after President Trump signed the Stablecoin Bill on July 18, 2025.
Who are BitGo’s major investors?
Goldman Sachs, DRW Holdings, and Redpoint Ventures are among its early backers.
What’s the significance of the $4 trillion crypto market cap?
It reflects surging institutional demand and regulatory progress under the Trump administration.
