Crypto custody firm BitGo made a strong debut on the New York Stock Exchange, with its shares rising by around 25% after opening. The company priced its IPO at $18 per share, giving it a valuation of approximately $2.6 billion.
The positive market reaction signals renewed investor confidence in U.S.-based crypto infrastructure companies, especially those operating under regulatory compliance. Unlike trading platforms, BitGo focuses on institutional custody, security, and settlement services for digital assets.
Analysts say BitGo’s successful listing highlights a growing preference for crypto firms that provide core infrastructure rather than speculative exposure. The IPO also comes amid expectations of clearer crypto regulations in the United States, which could further support institutional adoption.
BitGo’s performance may encourage more crypto companies to pursue public listings in 2026, marking a potential turning point for the industry’s integration into traditional financial markets.
This content is for informational purposes only and not financial advice.