BitGo buys NYDIG trading arm to deepen institutional crypto push
BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients. BitGo said it completed the acquisition of NYDIG’s institutional trading business under a definitive agreement, the company announced Thursday.
Why It Matters
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Key Facts
- Fact 1: The transaction includes NYDIG’s institutional client trading relationships and about 30 employees who joined BitGo.
- Fact 2: According to the announcement, NYDIG’s development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity it expects to deliver in 2027 and 2028.
- Fact 3: Related: BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B Cointelegraph is committed to independent, transparent journalism.
BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients. BitGo said it completed the acquisition of NYDIG’s institutional trading business under a definitive agreement, the company announced Thursday.
The transaction includes NYDIG’s institutional client trading relationships and about 30 employees who joined BitGo. The companies did not disclose financial terms. The acquired business provides derivatives, structured products, financing and capital markets services to clients including asset managers, hedge funds and companies.
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