BitGo IPO Priced at $18: Custodian Focuses on Stable Growth Amid Crypto Volatility

Digital asset custodian BitGo has set the price for its upcoming initial public offering (IPO) at $18 per share. The company is positioning itself to investors by emphasizing the resilience and growth potential of its custody and security services, rather than the high volatility associated with cryptocurrency trading. This strategic move highlights a shift towards infrastructure providers in the blockchain ecosystem, which are seen as more stable investments compared to trading-dependent platforms. BitGo's focus on securing digital assets for institutions underscores the maturation of the crypto industry, where regulated custody solutions are in increasing demand. The IPO valuation reflects confidence in the long-term viability of crypto infrastructure, independent of short-term market swings.