BitGo, a top provider of crypto custody services, has made a smart move by opening a global over-the-counter (OTC) dealing desk for digital assets. This news comes when business trading in crypto is at an all-time high, and rumors of an IPO in late 2025 are still happening. BitGo is setting itself up to be a major player in the growing digital asset market with its advanced trade tools, a wide range of liquidity sources, and $250 million in insurance coverage.
Comprehensive OTC Trading Desk
BitGo’s brand-new over-the-counter (OTC) trading desk combines dozens of liquidity sources, such as big exchanges, to offer spot and derivatives trading on over 250 digital assets. The platform also offers lending services and products that generate income, meeting the needs of institutional investors who are becoming more common.
BitGo’s managing director, Matt Ballensweig, discussed the importance of this start. The desk lets clients trade spots, derivatives, and lending services while keeping their assets safe in regulated custody until settlement. This focus on security first ensures that institutions can carry out big deals without putting asset safety at risk.
Institutional trading boom
The opening of BitGo’s over-the-counter (OTC) desk coincides with the 106% increase in institutional crypto trade in 2024. This rise is due to several factors, such as Donald Trump’s election victory and higher demand for U.S. spot crypto exchange-traded funds (ETFs).
BitGo is also a popular choice for hedge funds and venture capitalists who want to trade locked layer-1 tokens because its services are backed by insurance and follow all the rules. BitGo is a major player in high-value cryptocurrency deals, where safety and quickness are paramount.
Upcoming IPO
BitGo’s move into trading and investment products has led to IPO rumors, mainly after Bloomberg reported on February 11 that the company was in talks with investment banks about going public in late 2025.
Conclusion
BitGos start of over-the-counter (OTC) trading is a significant change for institutional crypto trading. It offers better security, more trading options, and deep liquidity. As the market gets ready for a flood of IPOs in 2025, BitGo’s move could make it even more potent as a market leader.
