BitGo buys NYDIG trading arm to deepen institutional crypto push
Summary
BitGo acquired NYDIG’s institutional trading business, expanding its crypto offerings for institutional clients with derivatives, structured products, financing, and capital markets services. The deal includes NYDIG’s institutional client trading relationships and about 30 employees joining BitGo. Financial terms were not disclosed. BitGo said the acquisition will strengthen its trading and infrastructure capabilities and help it serve a wider range of asset managers, hedge funds, and corporate clients. NYDIG said the sale lets it concentrate on power generation, Bitcoin mining, and high-performance computing data centers, with a development pipeline above 3 gigawatts.
