Crypto custody startup BitGo reveals near fourfold revenue jump in US IPO filing

Company Overview - BitGo's revenue nearly quadrupled in the first half of 2025, reaching $4.19 billion, compared to $1.12 billion in the same period the previous year [1][4] - The company reported a profit of $12.6 million for the six months ended June 30, down from a profit of $30.9 million a year earlier [4] - BitGo is one of the largest crypto custody firms in the U.S., founded in 2013, and has gained importance as institutional interest in crypto grows [3] Market Context - The U.S. IPO market is expected to be one of the busiest since 2021, with crypto firms leading the way [1] - Recent successful debuts of companies like Circle, Bullish, and Figure have demonstrated strong investor appetite for digital assets [2] - There is a growing acceptance of digital assets as a legitimate asset class rather than merely speculative instruments [3] Future Plans - BitGo intends to list on the New York Stock Exchange under the symbol "BTGO" [4] - Goldman Sachs and Citigroup are the lead underwriters for BitGo's upcoming IPO [4]