BitGo reports 19% revenue growth in second quarter

• BitGo reported 19% revenue growth in the second quarter.
• The company expanded assets under custody to US$4.3 billion.
• The results highlight continued institutional demand for crypto custody services.

BitGo reported a 19% increase in second-quarter revenue and growth in assets under custody to US$4.3 billion.

The results showed continued expansion in the company’s institutional crypto custody and infrastructure business.

The revenue growth comes as institutional participation in digital asset markets continues to expand.

BitGo said custody assets increased during the quarter as it expanded services for institutional clients.

The company provides custody, settlement, and infrastructure services for digital asset investors and financial institutions.

Institutional custody providers have become an important part of the crypto market as larger investors seek regulated digital asset services.

The results highlight continued growth in crypto infrastructure businesses serving institutional market participants.