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Crypto Custodian Firm BitGo to Buy NYDIG's Institutional Trading Business, Source Says
The deal adds derivatives, structured products and financing services to BitGo’s custody and wallet businesses, along with about 250 client relationships.
- BitGo has agreed to buy the institutional trading business and related assets from NYDIG, strengthening its position as a major crypto custody firm in the United States.
- The deal adds derivatives, structured products, and financing services to BitGo's existing custody and settlement infrastructure, expanding institutional capabilities.
- Approximately 30 NYDIG employees will join BitGo alongside 250 institutional client relationships, while the Sioux Falls, South Dakota-based firm raised about $213 million in its initial public offering earlier this year.
- Cryptocurrencies have gained mainstream prominence amid the Trump administration's friendly stance on the asset class, with Bitcoin recently topping 80,000 after months of weak trading.
- BitGo CEO Mike Belshe will discuss the acquisition live on CNBC's "Squawk Box" this Friday at 6:50 a.m. ET to provide further strategic details.
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Crypto custodian firm BitGo to buy NYDIG's institutional trading business, source says
Aug 27 : BitGo 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, alo
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Crypto custodian firm BitGo to buy NYDIG’s institutional trading business, source says
Aug 27 (Reuters) - BitGo 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 acquisit...
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Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
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14%
C 72%
14%
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