The post BitGo Files for US IPO as Crypto Market Hits Record High appeared on BitcoinEthereumNews.com.

Digital asset custody firm BitGo has filed paperwork to go public on the U.S. stock market, joining a wave of cryptocurrency companies seeking to capitalize on surging market conditions and new federal regulations. The Palo Alto-based company submitted documents to the Securities and Exchange Commission on Monday for an initial public offering of its Class A common stock. BitGo has not revealed how many shares it plans to sell or at what price range. Founded in 2013, BitGo provides security services for digital assets, acting as a digital vault for institutional investors like banks, hedge funds, and crypto exchanges. The company’s assets under custody have exploded from $60 billion to $100 billion in just the first half of 2025. Market Conditions Drive Crypto IPO Rush BitGo’s timing appears strategic. The cryptocurrency market recently crossed $4 trillion in total value, while Bitcoin has climbed above $120,000. This surge has created investor appetite for crypto-related stocks. The company follows in the footsteps of Circle, the issuer of USDC stablecoin, which went public in June. Circle’s stock price rocketed from $31 to over $298 within weeks, representing an 861% gain that made it one of the most successful IPO debuts in recent history. Several other major crypto firms have also filed for public listings. Grayscale Investments, Gemini exchange, and trading platform Bullish have all submitted paperwork to the SEC in recent months. Trump Administration Boosts Industry Confidence President Donald Trump signed the GENIUS Act into law on Friday, creating the first major federal regulations for stablecoins. This legislation provides clearer rules for cryptocurrency companies and has boosted confidence across the industry. The Trump administration has taken a supportive stance toward digital assets, appointing crypto-friendly regulators and pushing for legislation that helps legitimize the sector. Trump has pledged to make America the “crypto capital…

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Filed under: News - @ July 22, 2025 6:25 am