According to The Block, BitGo reported Q3 revenue of $2.85 billion, down 50.9% year-over-year. Net income rose to $44.1 million, primarily driven by $71.5 million in unrealized gains on digital asset reserves, while operating loss for the same period stood at $19.2 million. The report noted that weaker digital asset trading activity and an increased share of low-margin stablecoin transactions impacted revenue.