Data: BitGo's custody of encrypted assets exceeds $100 billion

According to Bloomberg, BitGo, a US cryptocurrency custodian, saw its holdings of cryptocurrency assets surge from $60 billion to $100 billion in the first half of this year. Abel Seow, the Managing Director of the company's Asia Pacific region, stated that this growth is attributed to the increasing adoption of cryptocurrencies globally and the clarity of the regulatory environment. Currently, half of BitGo's custodial assets are related to cryptocurrency staking. BitGo also plans to seek an initial public offering (IPO) in the second half of this year.