BitGo Acquires NYDIG Trading Arm for Derivatives and Financing
BitGo completed the purchase of NYDIG's institutional trading unit, adding derivatives, structured products and financing services to its custody platform.
BitGo has completed the acquisition of NYDIG's institutional trading business and related assets. The transaction transfers about 30 NYDIG employees along with their institutional trading relationships.
Scope of the transfer
NYDIG's transferred operations include derivatives, structured products and financing services. NYDIG will now focus its remaining resources on power generation, bitcoin mining and high-performance computing data centers.
Open items
Financial terms were not disclosed. Client retention after the staff transfer and the timeline for integrating the acquired capabilities remain unknown.