
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Gemini fell 89% from its debut, BitGo 77%, Bullish 71%, and the IPO pipeline froze. What killed the crypto listing boom and what reopens the window.

Gemini fell 89% from its debut, BitGo 77%, Bullish 71%, and the IPO pipeline froze. What killed the crypto listing boom and what reopens the window.

BitGo's quantum-safe move pressures custodians to adopt similar measures, impacting crypto security standards and regulatory compliance.

Some experts have argued the greater risks posed by quantum computing revolve around a failure to implement new technology.

BitGo CEO Mike Belshe said single-digit bitcoin ownership levels make sense for large holders like Strategy after its $216 million sale.
Recent crypto IPO stocks are all trading below their debut-day prices, with Circle (CRCL) down about 6% and Gemini (GEMI) down 89%. The pattern spans every major crypto listing since mid-2025. Their slide tracks a broad market downturn that began in October. Gemini, BitGo, Bullish Shares Sink Over 70% From Their Opening Trades The data

BitGo's expansion in Dubai could catalyze a shift towards integrated crypto services in MENA, enhancing institutional market efficiency and security.

The push for quantum-resistant Bitcoin highlights the urgent need for proactive security measures to safeguard the future of digital currencies.

BitGo's DeFi vault solutions could bridge traditional finance and DeFi, potentially increasing institutional adoption and regulatory compliance.

BitGo's custody service for YLDS enhances institutional access to digital securities, potentially accelerating mainstream adoption and innovation.

BitGo said the workforce reduction is a one-time action and that no additional layoffs are currently expected.

Mike Belshe, CEO of the company, stressed that these changes resulted from a pivot to security, trading, stablecoins, and AI-powered infrastructure. The move would affect nearly 90 employees, reducing Bitgo’s total headcount to nearly 520. Crypto Custody Company Bitgo Announces Layoffs Bitgo, a company that offers staking, trading, OTC services, financing, settlement, and provides custody […]

Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.

BitGo reportedly reduced its workforce by about 15% as the digital asset custodian shifts focus toward stablecoins, settlement and AI infrastructure.

The newly public crypto custodian is slashing nearly 15% of its workforce as it pivots to focus on stablecoins and AI infrastructure.

BitGo cut nearly 15% of staff as Mike Belshe shifts focus to security, trading, stablecoins, settlement and AI infrastructure after its IPO.

BitGo CEO says the firm will now focus on key areas, including security, trading, stablecoins, settlement, and AI-powered infrastructure.

BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company doesn’t see the need for further staff reductions.

BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company doesn’t see the need for further staff reductions.
BitGo is cutting nearly 15% of staff as CEO Mike Belshe refocuses the custodian on stablecoins, settlement, and AI.

BitGo's strategic focus on security, trading, and AI could reshape industry standards, influencing broader crypto sector trends and innovations.