What’s the deal? BitGo is acquiring the institutional trading business of NYDIG, a move that expands the crypto custodian’s footprint in serving professional investors. Terms of the deal were not disclosed.
BitGo buys NYDIG’s institutional trading arm as crypto rebounds
What’s the deal? BitGo is acquiring the institutional trading business of NYDIG, a move that expands the crypto custodian’s footprint in serving professional investors. Terms of the deal were not disclosed.
Dealroom
Publisher
Aug 27, 2026 at 8:33 PM UTC · 1 Min. Lesezeit
Why now? The acquisition comes as trading activity recovers from the 2026 crypto downturn. Companies across the sector are positioning for a rebound.
What’s the endgame? The deal signals a shift in how the industry sees itself — moving away from crypto as a standalone asset class and toward crypto-based infrastructure that institutions can build on.
The signal: BitGo’s bet on NYDIG’s trading operation reflects the broader consolidation underway as firms prepare for the next cycle. The winners may be those that own the plumbing rather than the tokens.
Read more: CNBC
Image credit: Generated with Gemini
Sourced by
Originally reported by Dealroom
NewsLayer coverage based on externally reported material.
The Daily Brief
The onchain economy, before your day starts.
Curated markets, onchain insights, and key headlines — delivered every weekday morning.
Weekdays · Free · ~5 minute read
0
Applause
Was this article helpful?
Article Intelligence
Sponsored
Ad
NewsLayerLearn more
NewsLayer Premium
Unlock deeper intelligence.
Ad-free reading, exclusive research, and real-time onchain insights.
Go Premium
