BitGo CEO Mike Belshe on Crypto's Future:🔥🔥🔥🔥🔥🔥💥💥
BitGo CEO Mike Belshe is of the opinion that the crypto industry can be saved from the next wave of collapses only by ensuring that custody is kept entirely separate from trading. On the occasion of BitGo going public as the first crypto IPO of 2026, Belshe lays out the industry's future.
Separating Custody from Trading Belshe points that they are going to center trading and market making in one place and keep custody somewhere else as the only way to prevent single points of failure and ensure market health on the long run.
Infrastructure Instead of Speculation BitGo does not focus on speculative trading, but rather on a full suite of institutional, grade infrastructure, including custody, wallet technology, settlement workflows, and compliance architecture
Public Scrutiny as Product Discipline: Belshe sees public scrutiny in a positive light as it makes the roadmap more disciplined and accountable, and also transparency is a competitive edge.
Profitability and Institutional Compounding: The production of money at BitGo is not due to cycle chasing but to the building of durable, institutional, grade lines of business, and their operation with discipline on the side of the company.
Regulation as Unlock, Not Obstacle: Institutions are not afraid of regulations but the ambiguity of regulations, if you doubt me, Belshe points out the need for regulated firms to have consistent onshore pathways to play with regulated ones.
BitGo's IPO and Future Plans
BitGo's IPO is a significant development for the company and the entire industry. It carries a valuation of , Plans for technology development, strategic acquisitions, and general corporate purposes are expected to be made with the proceeds from the issuance of up to $1.96 billion., Tokenization and DeFi will continue to evolve with strong custody, identity, and compliance controls in place, according to Belshe, and he sees BitGo as being very well, positioned to be a major player in this transition.
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