BitGo IPO: how to trade BitGo shares

IPO stocks are often highly volatile, and early trading can involve rapid price swings and significant risk.

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When is the BitGo IPO date?

The BitGo IPO date has not yet been officially announced. However, in September 2025 the company published its S-1 registration statement and confirmed plans for the initial public offering. Founded in 2013, the company pioneered secure crypto custody and institutional wallet solutions, becoming a cornerstone of the evolving digital asset economy.

Speculation about BitGo’s IPO has circulated for several years. In 2021, Galaxy Digital announced a $1.2bn acquisition of BitGo, which was ultimately abandoned. Following the collapse of that deal, BitGo raised fresh financing, most notably a $100m round in 2023 that valued the company at $1.75bn. This fundraising indicated continued investor confidence and provided resources to expand its global operations.

Why list now?

• Regulatory clarity: recent advancements in US custody rules give BitGo a more predictable operating framework.
• Liquidity for investors: early backers, including Goldman Sachs and Valor Equity Partners, may seek partial exits.
• Institutional adoption: more hedge funds, banks, and corporates are allocating to digital assets, creating higher custody demand.
• Growth capital: IPO proceeds would allow BitGo to scale operations, expand product lines, and pursue acquisitions.
• Brand positioning: A listing would cement BitGo’s image as a trusted infrastructure provider at the heart of the digital asset system.

Market backdrop

The IPO market has rebounded in 2025 after several subdued years. Coinbase’s experience in 2021 demonstrated both opportunity and risk: it was a blockbuster debut, but volatile trading followed. Other digital asset firms delayed listings during crypto winters, but with bitcoin prices stabilising above $80,000 and institutional demand rising, appetite for crypto-related IPOs is improving. BitGo’s offering would test whether investors now see infrastructure plays as more resilient than trading-focused peers.

What is BitGo?

BitGo is a US-based digital asset infrastructure and crypto custody provider headquartered in Palo Alto, California. It offers secure wallets, institutional-grade custody, settlement services, and related solutions to professional investors. Founded in 2013 by Mike Belshe and Ben Davenport, BitGo quickly earned recognition as a pioneer in secure wallet technology.

Origins

The early 2010s saw multiple exchange hacks and security breaches, which highlighted the vulnerability of digital assets. BitGo’s founders recognised that institutions would only adopt crypto if enterprise-grade security could be assured. Their introduction of multi-signature wallets – requiring multiple private keys to approve transactions – revolutionised the industry by reducing single points of failure. Later, the firm advanced into multi-party computation (MPC), another cutting-edge approach to securing assets.

Product suite

• Custody services: segregated and insured custody for institutional clients, operated through trust companies.
• Wallet solutions: multi-sig and MPC wallet infrastructure licensed to exchanges, fintechs, and asset managers.
• Settlement network: infrastructure to clear and settle crypto trades, enabling counterparties to transact securely.
• Prime services: trading, lending, and financing integrated with custody accounts.
• Staking solutions: institutional staking support for proof-of-stake networks, offering secure yield generation.
• Insurance coverage: custody backed by policies that provide security against theft or loss.

Customers

BitGo serves a broad range of institutions, including hedge funds, pension funds, family offices, exchanges, and corporates. Its reputation as a security-first custodian has made it a partner of choice for clients managing large, sensitive positions in digital assets.

Global footprint

• HQ: Palo Alto, California.
• Operations: offices in New York, London, Zurich, Singapore, and Tokyo.
• Licensing: BitGo Trust Company in South Dakota, BitGo New York Trust, and European regulatory registrations.
• Reach: clients in over 50 countries, spanning the US, Europe, and Asia-Pacific.

Key milestones

2013 – BitGo founded in California.
2015 – Launch of the first multi-signature wallet technology for institutions.
2018 – Establishes BitGo Trust Company, the first qualified digital asset custodian in the US.
2021 – $1.2bn Galaxy Digital acquisition announced but later abandoned.
2023 – Secures $100 million Series C funding at a $1.75bn valuation.
2025 – Anticipation grows for IPO following regulatory progress.

How does BitGo make money?

BitGo generates revenues by charging for custody, licensing its wallet technology, and providing ancillary services such as prime brokerage and staking.

BitGo’s business model is highly dependent on crypto asset values and transaction volumes, but custody revenues provide recurring, stable income.

What might influence the BitGo live stock price?

The BitGo IPO valuation and share performance will depend on a combination of crypto market conditions, regulatory clarity, and execution of its growth strategy.

Macroeconomic and sector trends

Crypto valuations are influenced by global liquidity, interest rate cycles, and monetary policy. Bull markets in digital assets typically increase trading and custody demand, while bear markets compress volumes and revenues. Investors will weigh whether BitGo can demonstrate resilience in downturns by leaning on recurring custody income.

Company fundamentals

Key metrics for BitGo include assets under custody (AUC), number of institutional clients, revenues by segment, and profitability. Investors will monitor whether BitGo can expand its prime brokerage revenues, which carry higher margins than custody alone. Insurance coverage, regulatory compliance, and operational resilience will also be scrutinised.

Competition and differentiation

BitGo’s main rivals include Coinbase Custody, Fidelity Digital Assets, Anchorage Digital, Fireblocks, and Copper. Differentiation lies in its pioneering wallet technology, independent status, and strong regulatory base. However, traditional banks are entering custody, raising competitive pressure.

Regulation and governance

Custody is central to crypto regulation. BitGo’s ability to secure and maintain trust licenses, comply with MiCA in Europe, and adapt to Asian regulatory regimes will directly affect growth. As a public company, it will face heightened governance requirements, from board independence to financial disclosure.

Valuation scenarios

• Bull case: Crypto prices remain elevated, institutional adoption accelerates, and BitGo secures a higher valuation.
• Bear case: Crypto downturn reduces AUC, and investors discount BitGo as overly market-sensitive.

Investor sentiment

Investors will decide whether BitGo is primarily a crypto proxy or a fintech infrastructure provider. If framed as a ‘picks-and-shovels’ play benefiting regardless of token prices, multiples could expand. Comparisons will be drawn with Coinbase’s IPO, Robinhood’s debut, and fintech IPOs like Wise. Anchor investors, particularly long-only funds, will be critical to ensuring stability in early trading.

You can keep your finger on the pulse of the markets with expert insight from our in-house analysts. Check out our news and analysis section for more.

How to trade BitGo shares via CFDs

When the BitGo listing happens, traders will be able to speculate on its stock through contracts for difference (CFDs). CFDs allow participation in both rising and falling prices without owning the underlying shares.

How to get started

1. Step 1: Choose a platform Use a broker such as Capital.com offering access to crypto-related IPOs.
2. Step 2: Open a Capital.com account (Subject to ID verification and eligibility test).
3. Step 3: Fund your account Deposit capital securely by card, bank transfer, or e-wallet.
4. Step 4: Track IPO details Follow filing updates, offering price range, and investor demand.
5. Step 5: Place a trade Go long if you expect momentum, or short if you foresee a fall, applying stop-losses* for protection.

Note: the BitGo IPO, like all IPOs, may be volatile, especially in the early days of trading. CFDs let you act on price swings in either direction, but always apply risk management. CFDs are traded on margin, and leverage higher than 1:1 magnifies potential losses and gains. Past performance is not a reliable indicator of future results.

Learn more about contracts for difference in our CFDs trading guide. *Standard stop-losses are not guaranteed. Guaranteed stop-losses incur a fee when activated.

Which crypto and fintech stocks can I trade?

Until the BitGo launch, traders can consider comparable stocks for exposure:

• Coinbase (COIN) – crypto exchange and custody operator.
• Robinhood (HOOD) – fintech broker with strong crypto exposure.
• Block (SQ) – fintech company with a bitcoin services ecosystem.
• Riot Platforms (RIOT) – large US bitcoin miner.
• Marathon Digital (MARA) – one of the largest listed crypto mining firms.

These provide insights into investor appetite for digital asset companies and set valuation benchmarks for BitGo.

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