BitGo Acquires NYDIG Trading Unit
Crypto custodian BitGo has agreed to acquire NYDIGs institutional trading business to expand its capital markets services. The deal brings about thirty employees to BitGo and adds derivatives and structured products to its infrastructure.
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BITGO HOLDINGS INC-CL A agreed to buy NYDIG's institutional trading business on Thursday afternoon, expanding its crypto infrastructure reach. The transaction adds derivatives and financing services to the custody provider's existing settlement network. Terms of the deal were undisclosed, though about 30 NYDIG employees joined BitGo following the agreement.
