Two months after launching on the New York Stock Exchange, Mike Belshe, CEO of BitGo, believes that “native” crypto companies have a structural advantage in digital asset custody. Speaking on The Crypto Beat program on March 6, he stated that traditional banks that both trade and provide custody services often face conflicts of interest, while BitGo is specifically built to protect customer assets.
Over 80% of BitGo’s revenue comes from custody and staking fees—stable income sources that are less dependent on market fluctuations. By 2025, the company also received a federal banking license from the Office of the Comptroller of the Currency to operate as a National Trust Bank.
As of September 2025, BitGo is custodying $104 billion in digital assets for more than 4,900 institutional clients across over 50 countries. Belshe describes BitGo as the “AWS of digital assets,” serving as the core infrastructure of the crypto ecosystem.
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