BitGo Secures $100 Million Funding Amid Crypto Volatility, Achieves $1.75 Billion Valuation

Amid the turbulence faced by numerous US crypto ventures this year, BitGo Inc., a leading crypto custody company, stands out by successfully raising $100 million at an impressive valuation of $1.75 billion. This feat underscores BitGo's commitment to adhering to regulatory norms while thriving in the evolving crypto landscape. Renowned for safeguarding crypto assets through advanced security measures, including physical vaults for private keys, BitGo serves as the custodian for the creditors of FTX, a digital asset exchange currently navigating bankruptcy proceedings. Notable clients such as Swan Bitcoin, Mysten Labs Inc., and Nike Inc. further validate BitGo's pivotal role in securing and managing crypto assets.