BitGo has shocked the crypto world once again! This major crypto asset custodian, established in 2013, has officially unveiled an astonishing H1 2025 financial report, boasting a revenue of $4.19 billion—almost quadrupling its performance from the same period last year! This is no small feat but a clear signal that BitGo is preparing to land on the New York Stock Exchange (NYSE) under the ticker ‘BTGO’, led by Wall Street giants Goldman Sachs and Citigroup. It seems that this autumn’s IPO drama on Wall Street will prominently feature crypto companies.
But there’s more to BitGo than just impressive figures. As of June 2025, the number of active users has surpassed 1.15 million, growing by 18% year-on-year. They not only collaborate with the U.S. government and various nations like El Salvador and Bhutan, but they are also responsible for the custody and infrastructure of the stablecoin ‘USD 1’, launched in June 2025 by World Liberty Financial (a company linked to the current U.S. President). This illustrates BitGo’s significant international presence.
Notably, BitGo has successfully obtained a BaFin license in the EU, joining the ranks of licensed European giants like Coinbase, Kraken, Bybit, Gemini, and Bitvavo. Both institutional investors and politicians now see crypto custody as more critical than ever, and BitGo is at the forefront of this trend.
In terms of competition, BitGo is supporting 1,400 types of tokens this year and has introduced custodial fees between 0.05% and 0.15%, greatly boosting institutional confidence. Although last year BitGo was valued at $1.75 billion and experienced a net profit of $12.6 million this year, it currently trails behind other companies in total profit. However, its growth rate and scale remain unmatched.
Can BitGo replicate the success of newly listed crypto companies like Circle, Bullish, and Figure? With a friendlier regulatory environment in the U.S. than ever, the pace of institutional adoption of digital assets is accelerating, and ETF trading volumes are at all-time highs. As more investors recognize digital assets as a legitimate asset class rather than just speculation, the demand for custody of Bitcoin, Ethereum, and various stablecoins will increasingly soar.
As we head into the second half of 2025, the stage for the crypto industry is set, and BitGo holds the advantage. Are you keeping up with this new wave of crypto?
