Market News: Crypto company BitGo files for IPO in the US

BlockBeats News, July 21st, According to market sources, veteran cryptocurrency custody platform BitGo Holdings stated on Monday that it has secretly submitted a draft registration statement to the U.S. Securities and Exchange Commission, planning to conduct an initial public offering (IPO) of Class A common stock. Following stablecoin issuer Circle's listing on the New York Stock Exchange in June, this could be another large-scale U.S. cryptocurrency listing.

It is reported that submitting IPO documents to the U.S. Securities and Exchange Commission confidentially can allow companies like BitGo to maintain the confidentiality of financial details during the issuance process.