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 plummeted nearly 22%, falling below the initial offering price. The development highlights the volatile nature of newly public companies in the cryptocurrency sector. The market's reaction to BitGo's IPO underscores the challenges and uncertainties facing companies in the digital asset space as they navigate public markets.

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 plummeted nearly 22%, falling below the initial offering price. The development highlights the volatile nature of newly public companies in the cryptocurrency sector. The market's reaction to BitGo's IPO underscores the challenges and uncertainties facing companies in the digital asset space as they navigate public markets.