BitGo just scooped up NYDIG's institutional trading desk for ~$42.5M (cash + stock)
They're clearly going hard on derivatives and financing services. Makes sense — custody alone isn't enough anymore when every institution wants leverage and hedging tools.
$BTGO positioning itself as the full-stack institutional player. Smart move in a market where everyone's consolidating.
NYDIG selling off pieces tells you something about the institutional landscape rn. Not everyone survived the bear market with their full vision intact.
They're clearly going hard on derivatives and financing services. Makes sense — custody alone isn't enough anymore when every institution wants leverage and hedging tools.
$BTGO positioning itself as the full-stack institutional player. Smart move in a market where everyone's consolidating.
NYDIG selling off pieces tells you something about the institutional landscape rn. Not everyone survived the bear market with their full vision intact.