BitGo Expands Institutional OTC Platform with Derivatives Trading Ahead of IPO
BitGo has upgraded its institutional over-the-counter trading platform to include derivatives capabilities, marking a strategic expansion as the company gears up for a public market debut targeting a $1.96 billion valuation. The MOVE allows institutions to trade OTC derivatives while collateral remains in BitGo's regulated custody accounts—a structure addressing growing demand for sophisticated strategies without sacrificing security.
Tim Kan, formerly of QCP Capital, joins as derivatives trading director to lead the initiative. Since launching its OTC desk in February 2025 with spot trading, BitGo has seen steady growth among hedge funds, miners, and treasury firms seeking yield generation and risk management tools. "Institutional participation now demands complex execution alongside ironclad custody," said CEO Mike Belshe, underscoring the platform's focus on bridging decentralized finance with traditional operational controls.