Crypto custody firm BitGo has completed its acquisition of NYDIG’s institutional trading business, expanding its derivatives, financing and capital markets capabilities.
The deal brings NYDIG’s institutional trading relationships and approximately 30 employees to BitGo. Financial terms were not disclosed.
The acquired business provides derivatives, structured products, financing and trading services to institutional clients including asset managers, hedge funds and corporations.
BitGo CEO Mike Belshe said the acquisition will significantly expand the company’s trading infrastructure and allow it to serve a broader range of institutional crypto clients.
Following the transaction, NYDIG will focus more heavily on power generation, Bitcoin mining and high-performance computing data centers. Its development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity expected to come online in 2027 and 2028. $BTC
The deal brings NYDIG’s institutional trading relationships and approximately 30 employees to BitGo. Financial terms were not disclosed.
The acquired business provides derivatives, structured products, financing and trading services to institutional clients including asset managers, hedge funds and corporations.
BitGo CEO Mike Belshe said the acquisition will significantly expand the company’s trading infrastructure and allow it to serve a broader range of institutional crypto clients.
Following the transaction, NYDIG will focus more heavily on power generation, Bitcoin mining and high-performance computing data centers. Its development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity expected to come online in 2027 and 2028. $BTC