BitGo has announced the launch of a global OTC trading platform for digital assets, offering spot and derivatives trading services across over 250 assets.
New Platform Launch
BitGo has launched a new OTC trading platform that supports trading of more than 250 types of digital assets. The new platform is integrated with numerous liquidity sources, including exchanges, and offers lending services and yield-generating products.
Growth of OTC Trading Volumes
Institutional crypto OTC trading volumes skyrocketed in 2024, which was largely spurred by US President Donald Trump’s election win and growing demand for US spot crypto ETFs.
Future Plans for BitGo
According to Bloomberg, BitGo is in talks with investment banks for a potential IPO in the second half of 2025. In addition, BitGo provides regulated crypto custody, lending, and infrastructure services to US institutions, with $100 billion in assets under custody.
The launch of BitGo's new OTC platform could be an essential part of the company's strategy to strengthen its market position ahead of a potential IPO in 2025.
