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Crypto briefing · Wednesday, November 11, 2026 · Daily edition · Story 6 of 6
BitGo Q3 revenue drops 51% but net income rises on crypto gains
BitGo's Q3 revenue fell 51% due to slower crypto trading and more stablecoin transactions, but net income increased significantly from treasury gains. The company's stock rose 5% ahead of earnings despite the revenue decline.
Why it matters: The mixed financial results highlight the impact of market conditions on crypto firms and the role of asset gains in boosting profitability.
Sources: The Block · Crypto.news · Cointelegraph
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