BitGo is aggressively scaling its Asia Pacific footprint by opening a new office in Singapore, positioning the city-state as its primary regional hub. This expansion follows a period of rapid scaling for BitGo Singapore Pte. Ltd., which has seen its regional client base triple and its local headcount more than double since securing its regulatory credentials. The move signals a strategic push to capture increasing institutional interest in digital asset infrastructure across the APAC region.
BitGo Singapore Scaling Operations and Client Base
The expansion follows significant growth metrics reported by BitGo since it secured its Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in August 2024. The company reports that its Asia Pacific client base has tripled during this period, attracting a diverse range of entities including governments, regulated financial institutions, payment service providers, fintechs, and high-net-worth investors. To support this demand, BitGo is increasing its local presence through continued hiring in business operations and client coverage roles. This operational scaling is intended to serve the growing institutional requirement for regulated digital asset infrastructure within the region, leveraging Singapore's established financial ecosystem to facilitate broader market access.
BitGo Prime Volume Growth in Singapore
A central component of this regional strategy involves BitGo Prime, the company's institutional trading and financing business. Singapore currently hosts the largest trading desk within the BitGo Prime network, which integrates trading capabilities with the company's existing custody infrastructure. The company reports that BitGo Prime’s trading volumes in Singapore more than doubled in the first half of 2026 compared to the same period in the previous year. By connecting regional clients to a global liquidity network of exchanges and market makers, the Singapore desk aims to bridge the gap between local institutional demand and global liquidity, reinforcing the importance of the Asia Pacific market to BitGo's overall global business operations.
Key Takeaways
- BitGo's Asia Pacific client base has tripled following the receipt of its MAS Major Payment Institution license.
- BitGo Prime trading volumes in Singapore more than doubled in the first half of 2026 compared to the prior year.
- The company has more than doubled its Singapore headcount to support expanding business operations and client coverage.
FinanceInsyte's Take
In our view, BitGo’s expansion is a calculated move to capitalize on the regulatory clarity provided by the Monetary Authority of Singapore. By doubling down on a licensed hub, BitGo is attempting to differentiate itself from less regulated competitors, targeting high-value institutional clients who require strict compliance frameworks. The doubling of BitGo Prime volumes suggests that the appetite for institutional-grade digital asset trading in APAC is moving from speculative interest to structured, high-volume participation, making Singapore a critical node in the global digital asset liquidity chain.
Questions & Answers
How does the Singapore office support BitGo's institutional trading strategy?
The Singapore office houses the largest trading desk for BitGo Prime, which integrates trading with custody infrastructure to connect regional clients to global liquidity providers and exchanges.
What regulatory milestone enabled BitGo's recent growth in the region?
BitGo Singapore received its Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in August 2024, which served as a foundation for its subsequent regional expansion.
Which specific client segments is BitGo targeting in the Asia Pacific market?
The company is targeting a broad institutional spectrum, including governments, regulated financial institutions, fintechs, payment service providers, digital asset businesses, and accredited investors.
What recent performance metrics validate BitGo's expansion in Singapore?
BitGo reports that its APAC client base has tripled, its Singapore headcount has more than doubled, and BitGo Prime trading volumes in Singapore more than doubled in the first half of 2026 compared to the previous year.
Source: Businesswire
