What is BitGo and why is its IPO significant?

BitGo is a major digital asset services provider that recently conducted its IPO, making it the first crypto company to list shares in 2026.

How did BitGo perform on its IPO day?

BitGo's shares opened at $18, raised over $212 million, and saw an increase in value during early trading.

What is the current state of the cryptocurrency market impacting BitGo's IPO?

The crypto market is experiencing a downturn, with Bitcoin and other major cryptocurrencies showing significant price drops in the recent week.

Home / Business and Economy / BitGo IPO: Crypto's First 2026 Listing Soars

BitGo IPO: Crypto's First 2026 Listing Soars

23 Jan

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Summary

BitGo, a crypto services provider, raised over $212 million in its IPO.
The company's 2025 revenue surged to an estimated $16 billion.
The IPO occurs despite a recent downturn in major cryptocurrencies.

BitGo IPO: Crypto's First 2026 Listing Soars

BitGo, a prominent digital asset services provider, commenced trading on Thursday, raising more than $212 million in its initial public offering under the symbol BTGO. The company's shares experienced an initial surge in early trading, reflecting investor interest.

Founded in 2013 and headquartered in Palo Alto, BitGo offers institutions services including custody, trading, borrowing, and lending of digital assets. The company reported an estimated revenue of $16 billion for 2025, a substantial increase from the previous year, attributed to its expanding client base.

The IPO occurs during a period of significant cryptocurrency market volatility. Bitcoin has seen a notable decline in value over the past week and since early October. This market downturn follows concerns over potential tariffs and the delay of crypto legislation.