Crypto custodian firm BitGo to buy NYDIG's institutional trading business, source says

Bitgo Holdings

27/08/2026 23:19

Aug 27 (Reuters) - BitGo BTGO.N 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.
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.

 (Reporting by Hannah Lang in New York and Utkarsh Shetti in Bengaluru; Editing by Vijay Kishore)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))