BitGo Revenue Jumps 80% to $4.3B Despite $19M Loss
BitGo reported a significant revenue increase of nearly 80% to $4.3 billion in Q2, driven by higher trading and stablecoin activity. However, the company faced a net loss of $19 million due to challenges from digital asset marks and thinner trading margins, while also implementing cost-cutting measures and authorizing a $50 million share buyback.
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Bitgo Revenue Jumps 80% to $4.3B as Stablecoin Demand Grows
Bitgo reported $4.3 billion in second-quarter revenue, up nearly 80% from a year earlier, as trading and stablecoin activity increased. The company still posted a $19 million net loss while cutting costs, expanding AI use and authorizing a $50 million share buyback. Bitgo Posts $19M Loss Despite $4.3B in Q2 Revenue Bitgo reported a sharp […]
BitGo Q2 revenue rises 80% to $4.3B as loss hits $19M
BitGo Q2 revenue rose 79.6% to $4.33B, but the firm posted a $19M loss as digital asset marks and thinner trading margins weighed.