Home / BitGo News: IPO Filing, OTC Trading Expansion, & Industry Momentum

BitGo News: IPO Filing, OTC Trading Expansion, & Industry Momentum

By: Jasmin Espinas

Updated: September 22, 2025

Published: September 22, 2025

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BitGo is one of the top crypto custody firms for institutional customers and high-value cryptocurrency transactions. This company stores and protects digital assets on behalf of clients.

Currently, the company is taking meaningful steps forward: a filing for a U.S. initial public offering (IPO) and an earlier rollout of its global over-the-counter (OTC) trading service.

BitGo Reveals Almost Fourfold Revenue in US IPO Filing

According to its IPO filing on September 19, BitGo attributed its sharp revenue growth in early 2025 to rising institutional demand for digital asset custody.

The filing noted an increase in both assets under custody and internal settlement volumes.

These trends point to greater operational use of BitGo’s infrastructure beyond simple storage, including secure transfers between client accounts.

Additionally, the growth comes as U.S. regulators continue to push for clearer custody requirements, prompting firms to shift away from self-custody solutions.

BitGo, which provides qualified custody through regulated trust entities, has positioned itself to benefit from this shift.

Furthermore, BitGo is expected to trade on the New York Stock Exchange under the ticker symbol “BTGO.”

On July 21, BitGo submitted a confidential filing for a U.S. public listing, aiming to enter the capital markets as digital asset infrastructure gains broader institutional support.

BitGo Launches Global Over-the-Counter Trading to Expand Crypto Services

BitGo has launched a digital currency platform, providing global two-way over-the-counter execution and prime brokerage services for institutional investors and their digital assets.

The platform also covers lending and yield products, which enable BitGo to manage more sophisticated transaction flows linked to custody.

Additionally, the desk aggregates liquidity from several venues, including centralized exchanges, a February 18 press release indicates.

On the platform, you can trade while assets are in qualified custody. Clients can keep their assets fully protected with insurance covering up to $250 million.

Final Thoughts

BitGo’s revenue surge reflects broader momentum in institutional crypto adoption.

The filing also suggests BitGo is aiming to capitalize on renewed investor interest and position itself for a higher valuation as public markets reopen to digital asset infrastructure firms.

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