BitGo CEO Mike Belshe Outlines Why Traditional Banks Can’t Win the Crypto Custody Battle

On 6 March 2026, BitGo CEO Mike Belshe argued that crypto-native custodians have a built-in edge over traditional banks that combine trading and custody. BitGo derives over 80% of its revenue from custody and staking fees, holds $104 billion in assets for more than 4,900 institutional clients, and operates under a U.S. federal banking charter. Belshe positions BitGo as core infrastructure for digital assets, supporting products like SoFiUSD and tokenizing its own shares on Ethereum, Solana, and BNB Chain.