BitGo buys NYDIG’s institutional trading business, expanding derivatives offering

BitGo has acquired NYDIG’s institutional trading business, expanding its derivatives offering for institutional clients. The transaction brings roughly 30 NYDIG employees to BitGo, alongside the trading relationships associated with the business, according to reporting originally published by The Block.

The deal adds institutional trading capabilities to BitGo’s existing digital-asset platform. BitGo is best known as a provider of digital-asset custody and infrastructure services, while NYDIG operates in bitcoin-focused financial services for institutional market participants.

Institutional crypto firms commonly seek custody, trading and risk-management services through integrated providers, particularly when trading products include derivatives. Bringing NYDIG’s trading team and relationships into BitGo could help the company broaden the range of services available to professional clients.

No further transaction terms were provided in the available report. The acquisition reflects continued consolidation among companies serving institutional participants in the digital-asset market.