BitGo Holdings, Inc. has confidentially filed a registration statement with the SEC to list its shares on the New York Stock Exchange under the symbol BTGO. The company plans to price its initial public offering in mid-February 2026, with a roadshow slated to begin in late January. Management expects to raise approximately $500 million in gross proceeds, which would value BitGo at roughly $3.2 billion on a fully diluted basis. The IPO comes after a private fundraising round in August 2024 that brought the company’s valuation to $2.8 billion, and is intended to accelerate global expansion of its custody, trading and financing services for institutional clients.

On January 12, 2026, BitGo announced an expansion of its institutional over-the-counter trading platform to support a suite of crypto derivatives. Since launching its OTC desk in February 2025, BitGo has facilitated more than $8 billion in spot trading and financing volumes for hedge funds, miners and lending firms. The new offering allows counterparties to execute bilateral derivatives transactions—such as perpetual swaps and options contracts—directly with a BitGo trading entity, while client collateral remains in separately regulated BitGo custody. This integration of derivatives alongside existing electronic trading, collateral management and settlement solutions aims to meet growing demand for yield generation, risk hedging and directional exposure among institutional investors.

BitGo has appointed Tim Kan, former Head of Sales Trading at QCP Capital, as Director of Derivatives Trading to lead the newly formed OTC derivatives team. Kan joins a leadership group that includes co-founder and CEO Mike Belshe and Chief Commercial Officer Tracey Li. In his prior role at QCP, Kan managed over $1.5 billion in monthly trading volume across multiple crypto derivatives platforms. At BitGo, he will oversee product development, risk controls and client onboarding for bespoke derivatives strategies, with a mandate to double the platform’s institutional client base by year-end 2026.

Since its founding in 2013, BitGo has focused on building regulated cold-storage custody, trading and financing infrastructure for digital assets. The firm now serves more than 2,500 institutions across North America, Europe and Asia, including leading exchanges, asset managers and fintech platforms. In 2025 the company secured regulatory approvals in Bermuda, Singapore and Spain, and expanded its staking and wallet services to support over 40 blockchain networks. The combined roll-out of its NYSE IPO and enhanced OTC derivatives capabilities underscores BitGo’s strategy to deliver a full-service institutional trading desk, bolstering capital efficiency, security and scalability for the digital asset economy.