BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss

60-second summary

BitGo reports an 80% revenue increase to $4.3 billion in Q2, however, the firm posts a net loss of $19 million compared to a net income of $38.3 million in the same period last year, indicating growing expenses or investments may be offsetting revenue gains, potentially impacting BitGo's long-term profitability and market competitiveness in the crypto custody space.