Crypto Custodian BitGo Reportedly Exploring IPO for Late 2025

The California-based firm, managing over $100 billion in assets, has begun discussions with advisors but has not made a final decision.

BitGo, a major U.S.-based cryptocurrency custodian, is reportedly considering an initial public offering (IPO) in the second half of 2025, according to anonymous sources cited by Bloomberg.
The company, founded in 2013, provides custody, trading, borrowing, and lending services for digital assets, serving over 1,500 institutional clients globally.
BitGo manages more than $100 billion in assets under custody and processes approximately 8% of all global Bitcoin transactions by value.
In 2023, the company was valued at $1.75 billion after raising $100 million from undisclosed investors; past backers include Goldman Sachs and Valor Equity.
The potential IPO reflects a broader trend of crypto firms exploring public listings, with Gemini and Bullish Global also reportedly considering IPOs this year.