BitGo acquires NYDIG institutional trading business

BitGo Holdings completed its acquisition of NYDIG’s institutional trading business on Aug. 27, adding derivatives, structured products, execution and financing services to its U.S. institutional platform. Summary BitGo completed its acquisition of NYDIG’s institutional trading business, though financial terms remained undisclosed publicly. Approximately 30 NYDIG employees joined BitGo alongside institutional client relationships included in the completed transaction. The acquired operation provides derivatives, structured products, financing, execution, and customized capital markets services globally. NYDIG will concentrate on power, Bitcoin mining, and high-performance computing after selling the trading operation. NYDIG reports a three-gigawatt development pipeline, with one gigawatt deliverable during 2027 and 2028 combined. The companies did not disclose the purchase price, payment structure, revenue contribution or acquired assets’ valuation. BitGo’s release said approximately 30 NYDIG employees and its institutional client trading relationships moved to the NYSE-listed company. BitGo acquisition adds institutional market services The acquired business works with asset manage...