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      BitGo Acquires NYDIG Trading Business to Enhance Institutional Crypto Services

      BitGo Holdings has completed the acquisition of NYDIG's institutional trading business, significantly expanding its offerings in the cryptocurrency sector. This acquisition introduces derivatives, financing, and structured products to BitGo's existing platform, which is primarily focused on custody, settlement, and digital asset infrastructure. The deal brings approximately 30 employees from NYDIG and around 250 institutional client relationships into BitGo's operations.

      The trading unit of NYDIG caters to a range of sophisticated investors, including asset managers, hedge funds, and family offices. By integrating this business, BitGo aims to provide a more comprehensive service that connects trading and risk management with its regulated custody and settlement capabilities. BitGo CEO Mike Belshe emphasized the growing demand from institutions for a partner that can support the entire lifecycle of digital assets.

      This acquisition aligns with BitGo's strategy to evolve beyond a standalone crypto custodian. Earlier this year, the company launched a modular infrastructure platform for banks that encompasses custody, trading, staking, and settlement services. The move is part of BitGo's efforts to position itself as a key player in the institutional capital markets, especially as competition intensifies among crypto firms to offer bundled services under regulated platforms.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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