Crypto custodian firm BitGo to buy NYDIG’s institutional trading business, source says
FILE PHOTO: BitGo logo in this illustration taken November 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Aug 27 : BitGo has agreed to buy NYDIG’s institutional trading business, a source familiar with the matter said, as the crypto custodian pushes to strengthen its foothold in trading infrastructure.
Here are some details:
• With the acquisition, about 30 NYDIG employees are expected to join BitGo, alongside 250 institutional client relationships.
• The deal will add derivatives, structured products, financing and other capital markets services to BitGo’s existing custody, settlement and wallet infrastructure units.
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• Cryptocurrencies have started to gain mainstream prominence, benefiting from the Trump administration’s friendly stance on the asset class.
• BitGo went public earlier this year, raising about $213 million in its initial public offering. Founded in 2013, it is one of the largest crypto custody firms in the United States.
• Through its institutional trading unit, NYDIG focuses on financing and derivatives, catering to institutional investors and family offices.
Source: Reuters
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