Crypto custodian, BitGo, reported third-quarter revenue of $2.85 billion, down 50.9% from a year earlier and 34.1% from the previous quarter, as weaker digital asset sales and a shift toward lower-margin stablecoin transactions weighed on its business.
Revenue after direct costs fell 32.1% year-on-year to $37.3 million, while the company recorded an operating loss of $...