BitGo Acquires NYDIG Institutional Trading Business
BitGo agreed to acquire the institutional trading business of NYDIG to expand its capital markets services and institutional client base.
BitGo, a U.S. cryptocurrency custody firm, has agreed to acquire the institutional trading business of NYDIG. The deal integrates derivatives, structured products, financing, and other capital markets services into BitGo's existing custody, settlement, and wallet infrastructure.
As part of the transaction, BitGo will absorb approximately 30 NYDIG employees and take over 250 institutional client relationships. The acquisition follows a period of growth for the digital asset sector, supported by a favorable regulatory environment under the Trump administration.
Founded in 2013, BitGo recently completed an initial public offering that raised approximately $213 million. The company intends to use the NYDIG acquisition to strengthen its position as a comprehensive provider for institutional cryptocurrency trading and custody.
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