BitGo Eyes U.S. IPO Amid Global Regulatory Expansion

[etfs]

BitGo is moving toward a U.S. initial public offering, having filed its S-1 registration with the SEC in September. The company reported $90 billion in assets as of June 30.

Combined with new licenses in Dubai and Germany, BitGo is significantly expanding its regulated operations globally.

The firm’s regulatory push follows past compliance issues in 2020, when it settled with U.S. authorities for $100,000 over sanctions-related wallet violations, reflecting its shift toward fully regulated crypto services.

[Nahid10]

BitGo going public could be a huge step for crypto’s credibility in traditional finance. It shows real confidence in global compliance.

[EmTeam]

An IPO will put BitGo under more scrutiny, but also more trust from institutions. Transparency is what the market needs right now.