Craig-Hallum bullish on BitGo, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of BitGo (BTGO) with a Buy rating and $18 price target The firm believes that BitGo has built a well-rounded technology platform that will support the move to digital assets and be a leader in the institutional facing market for years to come. With a strong management team and expansive regulatory approvals, Craig-Hallum sees BitGo on a nice trajectory of expanding beyond their custody solution and expects an already impressive customer list to lead to both new customers and a flywheel of products being used in the BitGo ecosystem.