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BitGo has acquired NYDIG’s institutional trading business and related assets, adding derivatives, structured products, financing, and capital markets services to its institutional crypto platform.
The transaction closed on August 27. Financial terms were not disclosed, while about 30 NYDIG employees and the unit’s institutional trading client relationships are moving to BitGo.
NYDIG Deal Adds Derivatives and Financing Capabilities to BitGo
NYDIG’s trading business serves asset managers, hedge funds, corporates, family offices and other institutional clients seeking liquidity, financing and customized trading strategies.
BitGo plans to integrate those capabilities with its existing custody, settlement, wallet, and trading infrastructure.
The company has also expanded its institutional trading operation during 2026, adding OTC derivatives capabilities in January and launching its Global Liquidity Layer through BitGo Prime in July.
About 30 NYDIG Employees Join BitGo
Roughly 30 employees from NYDIG’s institutional trading operation are transferring as part of the acquisition.
Pete Janney, previously part of NYDIG’s financial infrastructure leadership, is joining BitGo as head of financial infrastructure.
BitGo did not disclose how many institutional accounts are transferring, the trading volumes or revenue generated by the NYDIG unit, or a timetable for completing the integration.
NYDIG Shifts Resources Toward 3 GW Data Center Pipeline
NYDIG is focusing more heavily on power generation, Bitcoin mining and high-performance computing data centers following the sale.
The company said its data center development pipeline exceeds 3 gigawatts, with more than 1 GW expected to be deliverable during 2027 and 2028. NYDIG said the infrastructure can support both Bitcoin mining and AI-related computing workloads.
The companies did not disclose which NYDIG trading products will be integrated first into BitGo’s platform.
