BitGo buys NYDIG trading unit to expand institutional crypto services

The deal adds NYDIG’s institutional trading clients, derivatives and financing capabilities to BitGo while NYDIG shifts further toward HPC and Bitcoin mining.

BitGo has acquired NYDIG’s institutional trading business and related assets, expanding its offering across derivatives, financing and capital markets services.

The transaction brings approximately 30 NYDIG employees and its institutional trading client relationships to BitGo.

BitGo said the acquisition will strengthen its institutional markets platform by adding financing capabilities, derivatives and structured products alongside its existing custody, settlement and wallet infrastructure.

NYDIG’s institutional trading business serves asset managers, hedge funds, corporates, family offices and other institutional clients seeking liquidity, financing and customized trading strategies.

BitGo said the expanded offering is also expected to increase client assets held on its platform by giving institutions access to custody, trading, financing and settlement through a single regulated provider.

The deal allows NYDIG to focus more heavily on power generation, Bitcoin mining and high-performance computing data centers.

NYDIG said its development pipeline now exceeds 3 GW, with more than 1 GW expected to become deliverable across 2027 and 2028.

BitGo CEO Mike Belshe said institutions increasingly want a single partner capable of supporting the full lifecycle of digital assets, from custody and trading to financing and settlement.

The companies did not disclose financial terms for the acquisition.

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