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encryption hosting company BitGo adds OTC trading business and considers IPO
Encryption custody company BitGo has added over-the-counter trading services and is considering an IPO. This expansion comes as institutional investors (such as hedge funds) demand for Crypto Assets rise. As one of the largest digital asset custody companies in the United States, BitGo primarily helps investors store their digital assets. According to sources familiar with the matter earlier this month, the company is considering an initial public offering (IPO). BitGo stated in a declaration on Tuesday that its OTC trading department will provide spot trading, options trading, and lending services to institutional investors to facilitate margin trading. Since the beginning of last year, the company has started to provide services to some clients, with trading volume reaching several billion US dollars and a lending scale of over 100 million US dollars. In addition, the trading platform is not only applicable to the United States, but also covers other jurisdictions including Hong Kong and the Middle East.