TechCNBC1h ago
BitGo agrees to buy NYDIG's institutional trading business and related
BitGo agrees to buy NYDIG's institutional trading business and related assets, expanding BitGo's derivatives offerings; ~30 NYDIG employees are joining BitGo
TL;DRBitGo acquires NYDIG's institutional trading unit and hires ~30 employees to expand derivatives services.
Why it matters: Consolidation signals institutional crypto market maturation; BitGo strengthens position in high-margin derivatives trading.
The crypto infrastructure firm BitGo has agreed to buy the institutional trading business and related assets of NYDIG, CNBC has learned.
Read full articleSource: CNBC · Opens in new tab