BitGo Q1 Revenue Up 112%
That’s a strong headline—but in crypto, the quality of revenue matters more than the %.
What I’m checking:
Is growth from custody + prime (sticky) or one-off fees?
Margins improving or just higher volume?
Client concentration (few whales or broad demand?)
Regulation + compliance moat (big advantage for custodians)
Guidance: can they repeat it in Q2–Q4?
My play: no hype entries. Wait for confirmation, keep risk tight, and let the trend pay you.
Bullish on custodians this cycle, or still prefer L1s + memes?