Digital asset custodian BitGo has agreed to acquire the institutional trading business of NYDIG, according to a Techub News brief citing Cointelegraph. The deal would expand BitGo’s service lineup by adding derivatives, financing, and structured products. The move is framed around a rebound in cryptocurrency trading activity, giving BitGo a broader set of offerings for institutional clients. No financial terms or timeline were disclosed in the source item. The brief did not include additional details on integration, regulatory approvals, or the specific scope of assets involved in the transaction.
BitGo, a digital asset custodian, has agreed to acquire NYDIG's institutional trading business, according to Techub News, which cited Cointelegraph.
The acquisition would add derivatives, financing, and structured products to BitGo's services as it looks to capture an upswing in cryptocurrency trading activity.
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