Shares of BitGo, a crypto custody firm, experienced a significant drop on its second day of trading following its IPO. According to reports, the stock price fell nearly 22%, dipping below the initial offering price. The development highlights the volatile nature of the cryptocurrency market and its impact on related businesses. The performance of crypto-related stocks can be influenced by various factors, including market sentiment, regulatory developments, and broader economic conditions. This event underscores the risks associated with investing in newly public companies in the crypto space.

Shares of BitGo, a crypto custody firm, experienced a significant drop on its second day of trading following its IPO. According to reports, the stock price fell nearly 22%, dipping below the initial offering price. The development highlights the volatile nature of the cryptocurrency market and its impact on related businesses. The performance of crypto-related stocks can be influenced by various factors, including market sentiment, regulatory developments, and broader economic conditions. This event underscores the risks associated with investing in newly public companies in the crypto space.