比特戈控股有限公司（BitGo Holdings Inc.）的联合创始人兼首席执行官迈克·贝尔谢表示，该公司作为今年上市的美国加密货币托管公司，希望将做市服务打造为其业务的主要驱动力，以扩展其交易、融资和结算服务。
Holdings Inc., the US crypto custodian that went public this year, wants prime brokerage to become the main engine of its business as it expands its trading, financing and settlement services, co-founder and Chief Executive Mike Belshe said.
贝尔谢在新加坡接受采访时表示：“我们希望做市服务能贡献100%的收入。我们希望帮助你赚钱，而不是成为一个成本中心。没有人愿意为托管付费。我们也不希望向你收取托管费。”
“We would like it to be 100% of our revenue,” Belshe said in an interview in Singapore. “We want to help you make money rather than be a cost center. Nobody wants to pay for custody. We don’t want to charge you for custody.”
贝尔谢表示，比特戈的托管业务正面临日益激烈的竞争，因为传统银行凭借深厚的资产负债表、 established的机构关系以及将托管与其他服务捆绑的能力进入该领域。纽约梅隆银行、新加坡星展银行和美国银行都提供加密货币托管服务，而德意志银行去年也宣布计划推出相关服务。
BitGo’s custody business faces growing competition as traditional banks enter the space with deep balance sheets, established institutional relationships and the ability to bundle custody with other services. BNY Mellon, DBS Bank and U.S. Bank all offer crypto custody services, while Deutsche Bank announced plans to launch one last month.
贝尔谢表示，比特戈拥有超过6000名客户，希望将托管业务作为更广泛金融服务的基础。
BitGo, which Belshe said has more than 6,000 clients, wants custody to serve as the base for a broader set of financial services.
该公司于2020年推出了比特戈做市服务（BitGo Prime）。今年，它扩展了融资服务，并推出了跨交易所和做市商的流动性单一接入点。
The company launched BitGo Prime in 2020. This year it expanded its financing services and introduced a single access point to liquidity across exchanges and market makers.
其他提供做市服务的加密货币公司包括法alconX、Coinbase和瑞波。
Other crypto firms offering prime brokerage services include FalconX, Coinbase and Ripple.
贝尔谢表示：“为什么选择做市服务？这只是逻辑上的决定。你们把资产带进来，你们会根据这些资产进行借贷，你们会交易这些资产。这是一个良性循环。”在做市服务模式下，客户可以在比特戈的托管下存放资产，同时使用同一平台进行交易、借贷或结算交易。每项额外的服务都会创造新的潜在收入来源。
“Why prime brokerage? It’s just logical,” Belshe said. “You’re bringing the assets in. You’re lending against those assets. You’re trading those assets. It’s a virtuous cycle.”Under a prime brokerage model, clients can keep assets in BitGo’s custody while using the same platform to trade, borrow against their holdings or settle transactions. Each additional service creates another potential source of revenue.
比特戈于1月份以每股18美元的价格定价发行首次公开募股。随后，它报告了2025年以及2026年第一季和第二季的亏损。其股价于8月份跌至纪录低点4.65美元，并于周一以7.38美元收盘。
BitGo priced its initial public offering at $18 a share in January. It subsequently reported losses for the 2025 year as well as for the first and second quarters of 2026. Its shares fell to a record low of $4.65 in August and closed Monday at $7.38.
Belshe本周在新加坡参加Token 2049加密货币会议，他没有给出实现其黄金经纪抱负的时间表。但他表示，BitGo正在试图让客户摆脱托管费模式。
Belshe, who is in Singapore for this week’s Token2049 crypto conference, didn’t give a time frame for achieving his prime brokerage aspirations. But he said BitGo is trying to shift clients away from a custody-fee model.
“我们正在努力将所有客户从这种计费模式迁移到大宗经纪计费模式，”他说。
“We’re trying to migrate all of our clients away from that type of billing model to a prime brokerage billing model,” he said.
一些客户，例如仅持有比特币的交易所交易基金，可能会继续要求托管作为独立服务，但Belshe希望这些客户成为例外。
Some clients, such as an exchange-traded fund that simply holds Bitcoin, may continue to require custody as a standalone service, but Belshe wants those clients to be the exception.
“希望最终几乎没有监护权，”他说。“目的地是大宗经纪公司。”
“Hopefully, in the end, there’s almost no custody,” he said. “The destination is prime brokerage.”