BitGo CEO Highlights IPO Benefits for Crypto Firms

An initial public offering (IPO) can “ensure trust in digital assets,” according to BitGo CEO Mike Belshe, as reported by Cointelegraph.

In his view, the key components include comprehensive due diligence, associated processes, and oversight by the U.S. Securities and Exchange Commission (SEC).

The BitGo CEO welcomed recent changes in the leadership of the SEC and the CFTC. He added that political steps may take time, “but they are ready for significant changes.”

Belshe noted that some Wall Street firms had previously attempted to engage with private cryptocurrency companies, citing FTX as an example, which “did not work out very well.”

In November 2022, the exchange filed for bankruptcy. On February 18, 2025, the platform initiated the first wave of creditor payments and announced the next round.

The top executive hinted at the possibility of the company achieving public status by the end of this year, but did not specify a timeline.

Earlier in February, Bloomberg sources reported that platforms Gemini and Bullish Global were considering conducting IPOs.