BitGo is deploying in the institutional-level OTC OTC market! Interpretation of paving the way for IPO in the second half of 2025

The US cryptocurrency custody giant BitGo recently announced the launch of a global over-the-counter trading (OTC) platform, providing spot and derivative trading services covering more than 250 digital assets. This move comes as BitGo plans to go public at the end of 2025.

BitGo OTC Platform: Safe and Compliant Institutional Transaction Options

BitGo said in its statement that the newly launched global OTC platform will provide instant trading, derivative trading, lending and earning products and seamlessly integrate with BitGo's compliant custody services.

The main advantages of this platform include:

• Strong liquidity network: Integrates numerous exchanges and liquidity providers (LPs) to ensure more competitive prices and transaction depth.
• Expand asset support: Supports spot and derivative transactions of more than 250 digital assets to meet diversified investment needs.
• Trading protected by custody: Trading assets are always under the protection of "Qualified Custody" before settlement, maximizing security.
• Value-added financial services: Provide lending and income products to help institutional investors improve capital efficiency.
• High amount insurance coverage: Insurance coverage up to US$250 million effectively reduces transaction risks.
• Lock-token trading support: Supports transactions that lock L1 tokens, meet the specific needs of venture capital companies and hedge funds, and promote market liquidity.

These features make BitGo's OTC platform a safe and reliable choice for institutional investors to conduct large-scale cryptocurrency transactions.

Driven by market demand, ETFs and political factors may be the driving force

According to OTC infrastructure company Finery Markets, the volume of OTC transactions surged by 106% in 2024, which may be closely related to the results of the U.S. presidential election and the launch of Bitcoin spot ETFs.

Matt Ballensweig, head of BitGo's trading department, said: "After multiple market cycles, we are well aware of the laws of market operations and have been committed to building a cryptocurrency trading platform that truly meets institutional needs. Now, we are full of confidence to provide services that other brokers cannot match." BitGo's OTC service ensures transaction security through its Go Network.

IPO in 2025 is in sight, and competition with other crypto unicorns is fierce.

BitGo, a custodial company with a management asset scale of more than 100 billion US dollars, has recently discussed IPO matters with several investment banks and is expected to be listed in the second half of 2025. Previously, BitGo's valuation reached US$1.75 billion in its 2023 Series C financing. This active expansion of trading business is undoubtedly aimed at attracting the attention of more institutional investors.

BitGo's listing plan will allow it to compete with other crypto unicorns that plan to IPO, such as stablecoin issuer Circle, fintech company Figure and cryptocurrency exchange Kraken, among others. Companies such as Gemini and Bullish also expressed their intention to make an IPO.

Actively make arrangements, consolidate market position, and pave the way for listing

BitGo launches an OTC trading platform that combines its strong liquidity, comprehensive product portfolio and secure custody services to provide institutional customers with an excellent digital asset trading experience. In the market environment with increasing demand for compliance transactions and custody, BitGo is actively consolidating its market position and fully preparing for its upcoming IPO.

The above is the detailed content of BitGo is deploying in the institutional-level OTC OTC market! Interpretation of paving the way for IPO in the second half of 2025. For more information, please follow other related articles on the PHP Chinese website!