BitGo’s IPO filing caps a hot run in $4tn crypto market as Trump’s tariffs loom – DL News
- Crypto custodian latest firm to join list of IPO hopefuls.
- Grayscale, Gemini, and Bullish plan to go public.
- Trump’s trade war threatens to cool investor enthusiasm.
On Monday, BitGo, one of the industry’s largest crypto custodians, said it planned to go public in the US in a filing with regulators.
The California company follows a slew of summer filings ranging from Grayscale, the crypto fund manager, to the exchanges Bullish and Gemini.
It also comes on the heels of Circle’s blowout listing on the New York Stock Exchange in June. The stablecoin issuer’s stock has skyrocketed 597% since its debut.
Yet the window on the IPO rally may be closing as anxiety mounts that President Donald Trump’s trade war on most of the US’s trading…
