Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

BitGo: Stock Slips After CEO Narrows Focus, Layoffs Near 15%

CoinNetwork
robot
Abstract generation in progress
Coinworld news: After CEO Mike Belshe scaled back the company’s operating plans, BitGo laid off nearly 15% of its staff on Thursday. The crypto infrastructure firm said it would concentrate its resources on security, trading, stablecoins, settlement, and AI-driven infrastructure. The decision was made amid a backdrop in which public crypto companies are seeing weakening investor demand and tighter cost controls. BitGo shares have been under pressure since the company’s listing on the New York Stock Exchange, with the latest closing price at $4.80, down 4.67%, and they have fallen nearly 73% since the company listed on January 22. BitGo’s 2025 annual report shows that, as of December 31, the company had 603 full-time employees, meaning that about 90 positions were affected. The layoffs place BitGo within a broader cost-cutting cycle among digital asset companies. According to data from layoffs.fyi, in 2026, 119,862 tech employees have been laid off across 196 companies. Belshe said BitGo needs to become more focused amid demand for new infrastructure.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 1
  • Share
Comment
Add a comment
Add a comment
MoonlightMineralWater
· 5h ago
Closed at $4.8, a typical case of peaking at listing, crypto concept stocks are struggling in the US stock market.
View OriginalReply0
WatchingWhalesUnderTheNeon
· 5h ago
After the CEO reduced operations and took action, it shows that the management had already figured it out: stablecoins and settlement are indeed cash cows.
View OriginalReply0
IceCreamUnderTheNeonLights
· 5h ago
603 people were laid off, with 90 roles cut—just at the threshold of 15%. The digital asset industry is collectively enduring a harsh winter; even 120,000 people have already been laid off in 2026.
View OriginalReply0
WalletHealthInspector
· 5h ago
The direction of AI-driven infrastructure is interesting, but the layoff news and stock price double whammy show that the market clearly isn't buying it.
View OriginalReply0

  • Pinned

Sitemap