Overview
BitGo Holdings provides self-custody wallets, qualified custody, liquidity and prime services and infrastructure-as-a-service for digital assets.[2] Forbes records sales of US$16.2bn but a loss of US$14.8m, with only 603 employees and a market value of US$1.0bn.[2] The Fortune 500 lists the same revenue figure of US$16.2bn and classifies the company under securities.[4] The gap between sales and market value is the widest in this list, which suggests that most of the revenue carries a low margin.
BitGo strengths and limitations
Strengths
- Large reported sales from a small workforce
- Focus on institutional custody
Limitations
- Loss-making on Forbes's figures
- Sales are a poor guide to economic size; market value was about US$1bn
Appears in
BitGo peers and competitors
Companies ranked in the same lists as BitGo.
- Visa
- Broadridge
Circle
Adyen
Robinhood
Corpay
SoFi- SS&C Technologies
Coinbase
Kaspi.kz
PayPal
Global Payments
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