The first crypto IPO 2026 attracts with profitability and fair valuation!
With the conditional banking license and the expansion of derivatives trading, BitGo is transforming from a pure custody service provider into an institutional infrastructure bank for the crypto economy!
Reading Time: 1 minute
I see much more in the upcoming IPO of BitGo than just the first crypto IPO of 2026. BitGo stands out positively from many hyped "unicorns," which often can only showcase burn rates: The company is already operating profitably. With net earnings of $156.6 million in 2024 and a targeted valuation of only around $2 billion, the stock appears fundamentally attractively priced. An implied P/E ratio of nearly 13 (based on the 2024 figures) seems almost conservative when considering that competitors like Circle are sometimes valued much higher at similar...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
