The post BitGo officially launches OTC trading while considering an IPO by the end of 2025 appeared on BitcoinEthereumNews.com.

BitGo has announced the launch of its OTC trading desk while it has activated consultations to assess whether to launch its own IPO by the end of 2025. The well-known cryptocurrency custodian could soon join the list of crypto companies aiming for a stock market listing.  BitGo and the launch of OTC trading  BitGo, a well-known cryptocurrency custodian, announced the official launch of its global over-the-counter (OTC) trading desk for digital assets.  According to its announcement, the new service is a fully integrated platform that combines spot and derivatives trading, lending, and yield-generating products, all within BitGo’s regulated and insured framework. In this regard, Matt Ballensweig, Managing Director, Head of Trading, stated: “Our integrated OTC offering provides clients with the ability to execute trades with a full-service desk on spot, derivatives, and lending, while their assets remain protected in qualified custody until the time of settlement. Then we leverage the BitGo Go network to settle activities at the same time, reducing the widespread pre-funding risk that underlies our market structure.” The crypto custodian claims that the new over-the-counter trading service is primarily aimed at meeting the needs of institutional traders who are seeking efficiency, liquidity, and security.  Compared to the competition, BitGo emphasizes that its new OTC trading desk sources liquidity from dozens of exchanges and LPs, ensuring highly competitive prices and access to dynamic order types.  Not only that, among other peculiarities, BitGo allows VC and hedge fund clients to buy and sell locked or unvested L1 tokens. This is a unique capability, which BitGo claims has been made possible due to its position as the preferred qualified custodian for major protocols. BitGo and the evaluations on launching its IPO by the end of 2025 Speaking specifically about BitGo, it has recently emerged that the crypto custody company is…

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Filed under: News - @ February 19, 2025 12:22 pm