BitGo acquires NYDIG’s institutional trading business to enhance services

BitGo is acquiring NYDIG’s institutional trading business, a deal that would significantly broaden the publicly traded crypto custodian’s trading, derivatives, and financing offerings for institutional clients. For BitGo, which went public on the NYSE in January 2026 under the ticker BTGO, the acquisition represents a natural next step in a year already defined by aggressive expansion of its institutional services. For NYDIG, the Stone Ridge affiliate known for its deep Bitcoin-native approach, the deal signals a strategic narrowing of focus. What BitGo is getting NYDIG built one of the more comprehensive institutional Bitcoin platforms in the industry, spanning regulated custody, spot and derivatives trading, and financing services. BitGo is absorbing the trading side of that operation, adding derivatives and financing capabilities that complement its existing custody and OTC trading infrastructure. BitGo has been building toward this kind of full-stack institutional offering for a while. As a federally chartered national trust bank focused on digital asset infrastructure, the company has steadily layered trading services on top of its custody foundation. Earlier in 2026, BitGo ex...