Cryptocurrencies
Crypto Custody Firm BitGo Adds OTC Trading as It Mulls IPO
- Spot and derivatives trading as well as lending are available
- BitGo will start serving investors beyond selected clients
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Crypto custody firm BitGo Inc. has launched a global over-the-counter trading desk for digital assets amid its plan to go public.
The expansion comes as demand for cryptocurrencies from institutional investors such as hedge funds increases with prices rising. BitGo, one of the largest US-based custodians that help investors hold their digital assets, is considering an initial public offering, people familiar with the matter said earlier this month.