BitGo, a digital asset infrastructure firm listed on the NYSE, is shifting its business model to focus on prime brokerage services. CEO Mike Belshe aims for this segment to eventually generate 100% of the company's total revenue.
The firm utilizes its BitGo Prime brokerage platform and the Go Network to provide institutional clients with integrated trading, lending, and settlement services. This allows investors to manage assets without removing them from custody.
The company has expanded its capabilities through several recent moves. In August 2026, BitGo acquired the institutional trading unit of NYDIG, and by September 2026, it reached $2 billion in cumulative cleared volume with Crossover Markets.
In October 2026, BitGo expanded its off-exchange settlement partnership with OKX to include international clients. The firm operates BitGo Bank & Trust, supports over 1,550 digital assets, and maintains $250 million in insurance coverage.
BitGo completed its IPO on January 22, 2026, under the ticker BTGO. The listing raised approximately $213 million and resulted in a company valuation exceeding $2 billion.
