Why bitgo Is Trending Today?

BitGo, a leading cryptocurrency services provider, has secured a VARA license in Dubai, enabling it to offer regulated institutional trading services in the region. This move is set to boost trading activities in Dubai and the broader Middle East and North Africa (MENA) region, as it aligns with local regulators' efforts to target and penalize unregulated entities.

BitGo, a leading cryptocurrency services provider, has secured a VARA broker-dealer license in Dubai, allowing it to expand its institutional crypto services in the region. This move comes amidst a regulatory crackdown by the Dubai Financial Services Authority, which recently fined 19 firms for violating virtual asset regulations. BitGo's VARA license approval follows the German regulator BaFin's approval of BitGo's MiCA application, further solidifying the company's commitment to regulatory compliance and expansion in the global crypto market.

BitGo has filed for a U.S. IPO, seeking a public listing amidst a booming crypto market, with over $100 billion in crypto assets under custody.

BitGo, a leading crypto custody provider, has confidentially filed for a U.S. initial public offering (IPO) as the crypto market surpasses $4 trillion in value.