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Browsing: BitGo
BitGo has acquired the institutional trading business of NYDIG, adding derivatives, financing and capital-markets capabilities as the digital-asset infrastructure firm builds out its offerings for professional clients.
BitGo Holdings (NYSE: BTGO) is paying up to $57.5 million to acquire NYDIG’s institutional trading business, but the real value of the deal lies in the 250 institutional client relationships that come with the package. While the headline figure includes a $15 million earnout contingent on revenue milestones, the acquisition of these asset managers, hedge…
BitGo, the digital asset infrastructure company offering custody, trading, staking, financing and settlement services from regulated cold storage, has entered into a definitive agreement and completed the purchase of the institutional trading business and related assets of NYDIG.
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