Home / Business and Economy / BitGo Expands Trading Infrastructure with NYDIG Acquisition
BitGo Expands Trading Infrastructure with NYDIG Acquisition
28 Aug
Summary
- BitGo has agreed to acquire NYDIG's institutional trading business.
- The acquisition aims to strengthen BitGo's trading infrastructure.
- A source familiar with the matter confirmed the deal.
Crypto custodian BitGo has reached an agreement to purchase NYDIG's institutional trading division. This development aims to enhance BitGo's capabilities and presence within trading infrastructure for digital assets.
A source with knowledge of the transaction confirmed the acquisition. The deal underscores BitGo's commitment to expanding its services and strengthening its market position in the competitive cryptocurrency landscape.
This acquisition by BitGo is expected to further integrate trading and custody services, offering institutional clients a more robust and comprehensive solution. The specifics of the deal were not immediately disclosed.
