BitGo took over NYDIG's institutional trading business, and the purpose is very direct—making up for shortcomings in derivatives and financing.
How much it cost isn't mentioned in the announcement. Previously, NYDIG's slice of the bitcoin institutional trading and custody business is now transferred—the trading portion is moved over. Custodians swallowing trading firms—this plot isn't new this year. The infrastructure is still being integrated, and how far it can go depends on actual execution.
#Crypto #OnChain
How much it cost isn't mentioned in the announcement. Previously, NYDIG's slice of the bitcoin institutional trading and custody business is now transferred—the trading portion is moved over. Custodians swallowing trading firms—this plot isn't new this year. The infrastructure is still being integrated, and how far it can go depends on actual execution.
#Crypto #OnChain