Wall Street's new darling: BitGo debuts on the New York Stock Exchange (NYSE), Ledger plans to follow suit
The cryptocurrency custody giant BitGo officially started trading on the New York Stock Exchange (NYSE) today.
BitGo's stock price performed extremely wildly on its first trading day, surging by 36% shortly after opening, then retreating due to profit-taking. YZi Labs has been revealed as one of the main supporters of BitGo's IPO.
Stimulated by the positive news of BitGo's listing, another major hardware wallet/custody giant, Ledger, has announced that it is evaluating plans for an IPO in New York, aiming for a valuation of over 4 billion dollars. This marks the beginning of a wave of “traditional capital market listings” for cryptocurrency infrastructure companies.