Companies

BitGo's third-quarter profit nearly doubles as revenue falls

BitGo's third-quarter net income nearly doubled on crypto and treasury gains, even as revenue fell 50.9% to $2.85 billion. Trading activity slowed during the quarter.

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BitGo's net income for the third quarter of 2026 nearly doubled, helped by gains on crypto and treasury holdings. Revenue for the quarter fell 50.9% to $2.85 billion.

Trading slowed during the period, a factor behind the decline in revenue. Profit rose at the same time that revenue fell, with the two trends pulling in opposite directions.

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