Full-Time
Posted on 1/2/2025
Secure custody and management of digital assets
$120k - $190kAnnually
Mid, Senior
Palo Alto, CA, USA
The role requires being full-time onsite at one of the Bay Area offices in San Francisco or Palo Alto.
You match the following BitGo's candidate preferences
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BitGo provides secure and efficient solutions for institutional clients in the digital currency market, focusing on cryptocurrencies like Bitcoin. The company offers custodial services to securely store digital assets, multi-signature wallets that require multiple approvals for transactions, and APIs that allow clients to integrate these services into their platforms. BitGo also provides staking services, enabling clients to earn rewards by validating transactions on blockchain networks. Unlike many competitors, BitGo emphasizes compliance with regulatory requirements, such as the FATF Travel Rule, ensuring that clients can navigate the complexities of the digital currency market safely. The goal of BitGo is to support institutional investors by offering reliable and compliant services that enhance the security and management of digital assets.
Company Size
201-500
Company Stage
Series C
Total Funding
$165.9M
Headquarters
Palo Alto, California
Founded
2013
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Company-paid medical, dental, and vision plans
Catered lunches, fresh snacks, and gourmet coffee
Commuting made easy with company-paid Caltrain passes
Competitive compensation, stock options, and 401k plan
Computer equipment and workplace furniture
Flexible vacation time
BitGo plans a potential IPO in late 2025, reflecting a maturing crypto market. The election of Donald Trump has boosted crypto enthusiasm, with Coinbase shares up 40%. BitGo's IPO highlights the growth of regulated digital asset custodians. Amid this, DexBoss and Aureal One are notable crypto presales. DexBoss, in its presale stage, offers DEBO tokens at $0.011, aiming for $750k, with $565.7k already raised, indicating strong investor interest.
BitGo is the latest crypto firm to announce plans to hold an IPO in 2025.
BitGo is the latest crypto firm to announce plans to hold an IPO this year.
Cryptocurrency custodian services provider BitGo is reportedly considering an initial public offering (IPO) as soon as the second half of the year.The firm is in talks with potential advisers on a listing, although no final decision has been made, Bloomberg reported Tuesday (Feb. 11), citing unnamed sources.Reached by PYMNTS, BitGo declined to comment on the report.BitGo was valued at $1.75 billion when it raised $100 million from investors in 2023, according to the Bloomberg report.The company was founded in 2013 and is now one of the largest U.S.-based crypto custody firms, serving more than 1,500 institutional clients in over 50 countries and processing about 8% of all global bitcoin transactions by value, according to the report.BitGo said in December that it debuted a dedicated retail platform designed to offer retail customers access to the firm’s digital asset trading, staking, wallets and qualified custody services.The platform is designed to offer retail investors the same “white-glove, crypto-native solutions” that the company has offered to the global institutional market since 2013, BitGo CEO Mike Belshe said at the time in a press release.“Retail investors need a security-first, crypto-native platform, and we are excited to serve as that trusted partner,” Belshe said. “We look forward to enhancing the retail investing, trading, storage and staking experience for investors around the world.”In November, a subsidiary of the company, BitGo Singapore, announced its official launch to provide comprehensive digital asset services to the broader Asia-Pacific region. The launch came about three months after BitGo obtained its Major Payment Institution License from the Monetary Authority of Singapore.The report of BitGo’s potential IPO came soon after similar reports about other companies in the crypto space.It was reported Thursday (Feb. 6) that cryptocurrency firm Gemini and crypto exchange operator Bullish Global are both considering IPOs as soon as this year.In January, while reporting that crypto exchange Kraken’s revenue more than doubled in 2024 from $671 million to $1.5 billion, Kraken co-CEO Arjun Sethi said the company plans to continue issuing quarterly reports, which “gives us an ability to turn on the lights for when we are ready for the possibility” of an IPO
Crypto accounting platform Cryptio raised $15 million in a Series A extension, bringing the total to $25 million. The round was led by existing investor Alven, with new participation from 1kx and Ledger Cathay Capital. Cryptio aims to support TradFi entities in offering digital asset products. The funding comes amid expectations of more banks offering crypto services following the repeal of the SEC's SAB 121 rule, which had required companies to record customers' crypto on their balance sheets.