BitGo Reportedly Exploring IPO During Growing Institutional Interest in Crypto

According to reports, BitGo, a well-known cryptocurrency custodian, is in discussions with investment banks regarding a possible IPO in late 2025. Discussions are still going on, but no decision has been made yet. The business would join an increasing number of cryptocurrency companies hoping to go public if it proceeds.

BitGo, which is well-known for its institutional-grade custodial solutions, offers regulated infrastructure to significant U.S. financial institutions. Being the custodian of wrapped Bitcoin (WBTC), a tokenized form of Bitcoin that runs on several blockchain networks, is one of its most prominent functions. At the moment, WBTC has a market valuation of about $12 billion.

Crypto Firms Eye Public Markets

BitGo is not alone in considering a public listing. Other major crypto companies, including stablecoin issuer Circle and exchanges like Kraken, Gemini, and Bullish, have also been exploring IPO opportunities. This increased interest follows renewed optimism in the sector, particularly after Donald Trump’s 2024 U.S. presidential victory, which some believe could lead to more favorable crypto regulations.

BitGo’s valuation increased to $1.75 billion in 2023 after raising $100 million in investment. Important financial firms like DRW Holdings and Goldman Sachs have also backed the business.

Since Trump’s election victory, publicly traded cryptocurrency companies have performed well; Coinbase shares have increased by about 40%. BitGo may further establish institutional crypto custody within conventional financial markets if it moves forward with an IPO. As institutional usage continues to grow, the move would also represent the growing demand for regulated digital asset services.