Share this article
BitGo Mulling IPO This Year: Bloomberg
The crypto custody firm raised $100 million at a $1.75 billion valuation in 2023.
Updated Feb 11, 2025, 8:24 p.m. Published Feb 11, 2025, 8:20 p.m.
What to know:
Alongside a number of other digital asset-related firms, institutional crypto custody company BitGo is considering an initial public offering as soon as this year, according to Bloomberg.
Among the backers of the Mike Belshe-led BitGo are Goldman Sachs, DRW Holdings, Redpoint Ventures and Valor Equity Partners. The company's most recent funding round in 2023 valued it at $1.75 billion.
Other crypto firms mulling an IPO in the wake of bitcoin's move to $100,000 and a friendlier U.S. regulatory environment include exchanges Gemini, Kraken and Bullish (the parent of CoinDesk), and stablecoin issuer Circle.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
