BitGo Buys NYDIG’s Trading Business for $42M to Expand Institutional Crypto Services
TLDR
- BitGo acquired NYDIG’s institutional trading business for $42.5 million in cash and stock, plus a $15 million earnout tied to revenue milestones
- The deal adds derivatives, structured products, financing and capital markets services to BitGo’s offering
- About 30 NYDIG employees joined BitGo as part of the transaction
- NYDIG will use the sale to focus on Bitcoin mining, power generation and high-performance computing data centers
- BitGo was the first crypto firm to IPO in 2026, raising around $212.8 million at $18 per share
BitGo has completed its acquisition of NYDIG’s institutional trading arm, paying $42.5 million in a mix of cash and stock, with an additional $15 million contingent on revenue milestones.
Why did BitGo acquire @NYDIG?
To bring more of the institutional digital asset lifecycle onto one platform.
NYDIG’s institutional trading business adds derivatives and financing to BitGo’s existing trading, custody, settlement, and wallet infrastructure, giving clients more… pic.twitter.com/aCeqskOk0N
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
