Crypto Custodian Bitgo Mulls is a general list – Tradingview News

Bloomberg reported that the American nursery platform for Peugeot plans to the public with an initial general presentation (IPO) by the second half of 2025, citing “people familiar with the issue.” The company is already holding talks with potential consultants for the public list; However, the final decision has not yet been taken.

However, the California guardian has not officially confirmed anything about the public subscription so far.

Another unicorn encryption for the public

BITGO is Crypto Unicorn. She raised $ 100 million in 2023 with a rating of $ 1.75 billion and supports giants such as Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners.

In 2021, the Michael Novoghatz Galaxy Digital Company agreed to buy BITGO for $ 1.2 billion. However, this deal collapsed with Galaxy finish the acquisition the following year.

BITGO CEO, Mike Bilchy, supported Donald Trump during his presidential campaign and hosted a fundraising campaign last July, which is occupied by the Republican candidate’s companion, JD Vance. The event made $ 3300 per person to attend.

Crypto Custodian giant

BITGO was founded in 2013, and has more than 1500 institutional agents in more than 50 countries. Regardless of the services of CUSTODAN, the platform allows customers to trade, borrow and lend digital assets. Its website also highlights that it treats about 8 percent of all Bitcoin’s global transactions.

Although Bitgo is one of the Crypto Customian giants, it is competing directly with Coinbase Custodian services, which has a strong grip on the market. Interestingly, the Securities and Stock Exchange Committee (SEC) recently canceled a reactionary law, making it easier for traditional financial institutions to provide Crypto Custodian services.

Meanwhile, Bitgo is not the only company interested in the public. Modern reports indicated that the exchange of cryptocurrency in Winklevoss Twins, Gemini, is also studying public subscription, along with global polysh, and another encryption exchanged by billionaire Peter Thil. Kraken and Stablecoin Issueer are the other two encryption companies that you think about offering in public.