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As a provider of cryptocurrency infrastructure, BitGo has recently become the focus of Wall Street analysts. Some experts believe that this company could become a target for acquisition by traditional financial institutions.
It makes sense when you think about it; BitGo has accumulated significant technology and market presence in the digital asset space. If major players on Wall Street want to enter this field, directly acquiring such an infrastructure company is indeed a shortcut. There's no need to start from scratch—the technology and team are already in place.
According to a report from CoinDesk, Bullish, as a supporter, may play an important role in such transactions. These institutional-grade digital asset platforms are gaining increasing attention, indicating that traditional finance's interest in the crypto sector is heating up. Interestingly, these infrastructure companies are now becoming highly sought after.