Crypto custodian BitGo reports nearly 4x revenue growth in H1, plans for US IPO

According to ChainCatcher, cryptocurrency custody service provider BitGo submitted its US IPO filing today, showing revenue of $4.19 billion in the first half of 2025, nearly a fourfold increase compared to the same period last year.

The company plans to list on the New York Stock Exchange under the ticker "BTGO", with Goldman Sachs and Citigroup serving as lead underwriters. As one of the largest crypto custody companies in the US, BitGo was valued at $1.75 billion in its 2023 fundraising round.