Crypto custodian BitGo has officially launched its over-the-counter (OTC) trading desk, a move that comes amidst rumors of a potential initial public offering (IPO) in late 2025. This new service allows institutional investors to directly trade large volumes of cryptocurrencies, bypassing traditional exchanges and potentially securing better prices and reduced slippage.
BitGo’s entry into the OTC trading space is seen by many as a strategic move to diversify its revenue streams and further solidify its position as a leading player in the institutional crypto market. The company already provides custody services for a significant portion of institutional crypto holdings, and adding OTC trading capabilities creates a more comprehensive suite of services for its clients.
The rumored IPO, while unconfirmed, has been circulating for some time within the financial industry. Launching an OTC desk before a potential IPO could be a way for BitGo to demonstrate growth and attract investors. A successful IPO would provide BitGo with significant capital to further expand its operations and invest in new technologies.
The OTC market for cryptocurrencies has been growing rapidly as institutional adoption of digital assets increases. These large-volume trades often require a different approach than exchange trading, and BitGo’s new service is designed to cater specifically to the needs of institutional investors. By offering competitive pricing, secure transactions, and access to a wide range of cryptocurrencies, BitGo aims to capture a significant share of this growing market.
This move by BitGo underscores the increasing institutionalization of the cryptocurrency market. As more traditional financial players enter the space, the demand for sophisticated trading solutions like OTC desks is expected to continue to rise. BitGo’s launch of its OTC trading desk positions the company to capitalize on this trend and further establish itself as a key player in the evolving digital asset landscape.
