POPA ReconBitGo Buys NYDIG's Institutional Trading Business
BitGo Buys NYDIG's Institutional Trading Business BitGo has agreed to acquire NYDIG's institutional trading business and related assets, adding derivatives, structured products, financing and other capital-markets services to its custody, settlement and wallet infrastructure. Roughly 250 institutional client relationships and about 30 NYDIG employees are expected to move to BitGo. Terms were not disclosed. The purchase deepens BitGo's push beyond custody into trading and capital markets, just as activity picks up after a prolonged crypto trading slowdown, making the deal one of the first cle…
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