BitGo Acquires NYDIG's Institutional Trading Business
Digital asset firm BitGo has acquired NYDIG’s institutional trading business, along with related assets. The acquisition aims to expand BitGo’s offerings for clients by providing access to a broader range of capital markets and trading services while allowing NYDIG to focus on power generation, bitcoin mining, and data center development. Approximately 30 employees from NYDIG have joined BitGo as part of the deal, along with institutional trading relationships. The transaction is intended to meet growing demand for end-to-end digital asset infrastructure that includes custody, trading, financing, settlement, and capital market services. BitGo CEO Mike Belshe emphasized the importance of serving institutions through a single trusted platform. The move also aligns with BitGo’s recent full approval from the Office of the Comptroller of the Currency for its national trust bank charter. NYDIG highlighted that their trading business provided liquidity, risk management, and customized strategies to asset managers, hedge funds, corporates, and family offices.
Topics: acquisition cryptocurrency digital assets institutional trading