Compass Point, a U.S. investment bank, has named BitGo a top acquisition candidate for traditional financial firms aiming to enter digital asset custody. Analyst Ed Engel highlighted BitGo's comprehensive services, which can be integrated with prime brokers to attract clients. Compass Point initiated coverage on BitGo with a buy rating, noting potential revenue growth if BitGo narrows competition with Galaxy and Coinbase.
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Compass Point Identifies BitGo as Prime Acquisition Target for Traditional Finance Firms
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