BitGo
Founded Year
2013Stage
Option/Warrant - III | AliveTotal Raised
$186.14MLast Raised
$6.32M | 2 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-21 points in the past 30 days
About BitGo
BitGo provides solutions for the digital asset economy within the financial technology sector. Its offerings include custody, digital asset wallets, and financial services such as trading, borrowing, lending, and staking, which are used to manage digital assets. BitGo serves institutional clients, cryptocurrency exchanges, and investment platforms with services designed for the crypto space. It was founded in 2013 and is based in Palo Alto, California.
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ESPs containing BitGo
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The institutional staking market provides platforms to institutional investors, crypto platforms, and investment funds looking to earn yield on their digital assets through staking. Staking involves holding and locking up cryptocurrencies to support the network and validate transactions, earning rewards in return. The market offers solutions for managing and securing digital assets, as well as pro…
BitGo named as Leader among 15 other companies, including Fireblocks, Gemini, and Ledger.
BitGo's Products & Differentiators
Wallet Platform
BitGo’s wallet platform creates an ideal balance between security and accessibility—enabling clients to move assets seamlessly and reliably, protected by BitGo’s pioneering multi-key security, multi-user policy controls, and advanced security configurations. BitGo offers flexible wallet security and transaction policy features to address a range of business needs. Protect your wallet against any single point of failure with BitGo's multi-key security. Enforce controls and policies using whitelists, velocity limits, and administrative approvals.
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Research containing BitGo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned BitGo in 4 CB Insights research briefs, most recently on Oct 18, 2023.
Expert Collections containing BitGo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BitGo is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,258 items
Blockchain
8,688 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Fintech 100
350 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Blockchain 50
50 items
BitGo Patents
BitGo has filed 3 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/14/2018 | 9/14/2021 | Cryptocurrencies, Cryptography, Alternative currencies, Key management, Bitcoin exchanges | Grant |
Application Date | 12/14/2018 |
|---|---|
Grant Date | 9/14/2021 |
Title | |
Related Topics | Cryptocurrencies, Cryptography, Alternative currencies, Key management, Bitcoin exchanges |
Status | Grant |
Latest BitGo News
Jan 23, 2025
Link copied World Liberty Financial’s adoption of wBTC over Coinbase’s cbBTC drew praise from Justin Sun, who accused the exchange of unreliable custody practices. The tension between Coinbase and TRON ( TRX ) founder Justin Sun is heating up as Sun calls out the exchange’s centralized approach to its tokenized Bitcoin product, cbBTC. Sun took aim at Coinbase’s proof of reserves, blasting the system as insufficient and backing Trump-linked World Liberty Financial for choosing Wrapped Bitcoin ( wBTC ) over Coinbase Wrapped ( cbBTC ) for its Bitcoin reserves. Let me break down this 4D chess move for you. Why did the president choose WBTC as his BTC reserve instead of keeping it on Coinbase or as CBBTC? The answer is simple: not your keys, not your coins! Relying on Coinbase’s 0 Proof of Reserves (PoR) product means your BTC could… https://t.co/Qo5c4wy9Tr In a Jan. 23 post on X, Sun highlighted the risks of relying on Coinbase’s custodial services, arguing that Bitcoin reserves under cbBTC could be frozen or confiscated at the discretion of the exchange. “Not your keys, not your coins!” Sun wrote, highlighting the importance of decentralized ownership. The TRON founder also warned of potential bias in Coinbase’s operations, claiming that access to funds could hinge on individual relationships with the exchange’s legal team. As of press time, Coinbase hasn’t publicly responded to Sun’s remarks. Sun’s remarks come shortly after reports revealed that WLF made on-chain purchases of WBTC, a product issued by BitGo. In late 2024, BitGo came under scrutiny following the announcement that Sun would be involved in a joint venture with BiT Global (a Bithumb company) and BitGo to manage wBTC products. Data from Arkham Intelligence reveals that an address linked to WLF holds $56.4 million in WBTC, with Ethereum ( ETH ) topping the list at over $181 million. There are no public records indicating that WLF holds cbBTC.
BitGo Frequently Asked Questions (FAQ)
When was BitGo founded?
BitGo was founded in 2013.
Where is BitGo's headquarters?
BitGo's headquarters is located at 2443 Ash Street, Palo Alto.
What is BitGo's latest funding round?
BitGo's latest funding round is Option/Warrant - III.
How much did BitGo raise?
BitGo raised a total of $186.14M.
Who are the investors of BitGo?
Investors of BitGo include SK Telecom, Hana Financial Group, The Brink's Company, Valor Equity Partners, Redpoint Ventures and 17 more.
Who are BitGo's competitors?
Competitors of BitGo include MobiKwik, Ripple, AZA Finance, Propine, Zepz and 7 more.
What products does BitGo offer?
BitGo's products include Wallet Platform and 4 more.
Who are BitGo's customers?
Customers of BitGo include Nike, BitcoinIRA, SoFi and Bullish.
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Compare BitGo to Competitors
Ledger specializes in the security and management of digital assets in the cryptocurrency domain. The company offers hardware wallets for storing cryptocurrencies, as well as a companion application for managing and interacting with digital assets. Its products are available for individual consumers and institutional investors, focusing on storage, transaction, and portfolio management. The company was founded in 2014 and is based in Paris, France.
Ripple provides digital asset infrastructure for financial services, focusing on cross-border payments and digital asset management. The company offers solutions for payment settlement, liquidity management, and a global payout network, as well as services for storing and managing digital assets. Ripple's products aim to support financial infrastructure and assist businesses with regulatory compliance. Ripple was formerly known as OpenCoin. It was founded in 2012 and is based in San Francisco, California.
Zepz is a company in the financial technology sector that facilitates international payments. It provides digital solutions for sending money across borders, including options for bank deposits, cash collections, and mobile money services. Zepz serves the ecommerce industry by offering online money transfers. It was founded in 2010 and is based in London, England.
Paga is a mobile money company that focuses on facilitating digital financial transactions. The company offers services that allow users to send and receive money, pay bills, and top up airtime and data. Paga primarily serves the financial technology sector by simplifying access to financial services for individuals. It was founded in 2009 and is based in Lagos, Nigeria.
Xapo Bank operates as a financial institution integrating traditional banking with cryptocurrency. The company offers banking services that allow customers to manage both US Dollar and Bitcoin accounts, providing a platform for transactions and wealth growth. The bank primarily serves individuals interested in blending traditional finance with the cryptocurrency economy. It was founded in 2014 and is based in Gibraltar, England.
AZA Finance specializes in cross-border payment solutions and foreign exchange services for the business-to-business (B2B) sector. The company offers an online payment platform that facilitates multi-currency transactions, Treasury management, and payment collections, designed to support businesses operating in Africa. AZA Finance primarily serves enterprises requiring financial services across multiple African and global markets. AZA Finance was formerly known as BitPesa. It was founded in 2013 and is based in Grand Duchy of Luxembourg City, Luxembourg.
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