{"id":36855,"date":"2025-02-19T13:00:22","date_gmt":"2025-02-19T10:00:22","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36855"},"modified":"2025-02-19T12:37:45","modified_gmt":"2025-02-19T09:37:45","slug":"bitgo-announces-otc-platform","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitgo-announces-otc-platform\/","title":{"rendered":"BitGo Announces OTC Platform!"},"content":{"rendered":"<p data-start=\"64\" data-end=\"242\"><strong data-start=\"64\" data-end=\"73\">BitGo<\/strong> has launched an over-the-counter (<strong data-start=\"108\" data-end=\"115\">OTC<\/strong>) trading desk for digital assets. This move follows speculations that the company will go public in the second half of 2025.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitgo-announces-otc-platform\/#Institutional_Crypto_OTC_Trading_Is_Booming\" title=\"Institutional Crypto OTC Trading Is Booming\">Institutional Crypto OTC Trading Is Booming<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitgo-announces-otc-platform\/#BitGos_IPO_Plans\" title=\"BitGo\u2019s IPO Plans\">BitGo\u2019s IPO Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitgo-announces-otc-platform\/#Crypto_Firms_Preparing_to_Go_Public\" title=\"Crypto Firms Preparing to Go Public\">Crypto Firms Preparing to Go Public<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"244\" data-end=\"293\"><span class=\"ez-toc-section\" id=\"Institutional_Crypto_OTC_Trading_Is_Booming\"><\/span>Institutional Crypto OTC Trading Is Booming<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"295\" data-end=\"586\">On February 18, <strong data-start=\"311\" data-end=\"320\">BitGo<\/strong> announced that its new <strong data-start=\"344\" data-end=\"351\">OTC<\/strong> platform has multiple liquidity sources, including exchanges, and offers spot and derivatives trading across more than 250 digital assets. The platform also provides lending and yield-generating products for institutional investors.<\/p>\n<p data-start=\"588\" data-end=\"837\"><strong data-start=\"588\" data-end=\"595\">OTC<\/strong> infrastructure firm <strong data-start=\"616\" data-end=\"634\">Finery Markets<\/strong> reported that institutional crypto <strong data-start=\"670\" data-end=\"677\">OTC<\/strong> trading volumes surged by 106% in 2024, largely driven by <strong data-start=\"736\" data-end=\"767\">U.S. President Donald Trump<\/strong>\u2019s election victory and the growing demand for spot crypto <strong data-start=\"826\" data-end=\"834\">ETFs<\/strong>.<\/p>\n<p data-start=\"839\" data-end=\"1052\"><strong data-start=\"839\" data-end=\"848\">BitGo<\/strong> Managing Director <strong data-start=\"867\" data-end=\"887\">Matt Ballensweig<\/strong> stated, \u201cThis platform allows clients to execute spot, derivatives, and lending trades while keeping their assets securely in qualified custody until settlement.\u201d<\/p>\n<h2 data-start=\"1054\" data-end=\"1081\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/01951c4e-cf99-79f7-8323-e50a81bc18b6\" alt=\"bitgo\" width=\"878\" height=\"541\" \/><\/h2>\n<h2 data-start=\"1054\" data-end=\"1081\"><span class=\"ez-toc-section\" id=\"BitGos_IPO_Plans\"><\/span>BitGo\u2019s IPO Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1083\" data-end=\"1305\">On February 11, <strong data-start=\"1099\" data-end=\"1112\">Bloomberg<\/strong> reported that <strong data-start=\"1127\" data-end=\"1136\">BitGo<\/strong> was in discussions with investment banks about a potential IPO in the second half of 2025. However, the process is still ongoing, and no final decision has been made.<\/p>\n<hr \/>\n<p data-start=\"1307\" data-end=\"1482\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p data-start=\"1307\" data-end=\"1482\"><strong data-start=\"1307\" data-end=\"1316\">BitGo<\/strong> is one of the major regulated crypto custody, lending, and infrastructure service providers in the <strong data-start=\"1416\" data-end=\"1424\">U.S.<\/strong>, claiming to hold $100 billion in assets under custody.<\/p>\n<h2 data-start=\"1484\" data-end=\"1525\"><span class=\"ez-toc-section\" id=\"Crypto_Firms_Preparing_to_Go_Public\"><\/span>Crypto Firms Preparing to Go Public<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1527\" data-end=\"1794\"><strong data-start=\"1527\" data-end=\"1536\">BitGo<\/strong> could join the growing list of crypto firms planning IPOs in 2025. In December 2024, <strong data-start=\"1622\" data-end=\"1633\">Bitwise<\/strong> predicted that at least five major crypto companies would go public, including <strong data-start=\"1713\" data-end=\"1723\">Circle<\/strong>, <strong data-start=\"1725\" data-end=\"1735\">Kraken<\/strong>, <strong data-start=\"1737\" data-end=\"1747\">Figure<\/strong>, <strong data-start=\"1749\" data-end=\"1770\">Anchorage Digital<\/strong>, and <strong data-start=\"1776\" data-end=\"1791\">Chainalysis<\/strong>.<\/p>\n<p data-start=\"1796\" data-end=\"1921\">In 2021, <strong data-start=\"1805\" data-end=\"1817\">Coinbase<\/strong> became the first major crypto company to go public in the <strong data-start=\"1876\" data-end=\"1884\">U.S.<\/strong>, listing its shares on <strong data-start=\"1908\" data-end=\"1918\">Nasdaq<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"1796\" data-end=\"1921\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitGo has launched an over-the-counter (OTC) trading desk for digital assets. This move follows speculations that the company will go public in the second half of 2025. Institutional Crypto OTC Trading Is Booming On February 18, BitGo announced that its new OTC platform has multiple liquidity sources, including exchanges, and offers spot and derivatives trading<\/p>\n","protected":false},"author":28,"featured_media":36434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[11896,1652,1149,1764,1758,1114,151,5434,11894,5760,11895,11528,3909,1564,577],"class_list":["post-36855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-anchorage-digital","tag-bitgo","tag-bitwise","tag-bloomberg","tag-chainalysis","tag-circle","tag-coinbase","tag-crypto-custody","tag-crypto-otc-trading","tag-digital-assets","tag-finery-markets","tag-institutional-crypto","tag-ipo","tag-kraken","tag-nasdaq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitGo Announces OTC Platform! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitgo-announces-otc-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitGo Announces OTC Platform! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"BitGo has launched an over-the-counter (OTC) trading desk for digital assets. 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