Written by Helen Partzstaff writerReviewed by Yohan Yunstaff editor

Written by Helen Partzstaff writer

Reviewed by Yohan Yunstaff editor

BitGo buys NYDIG trading arm to deepen institutional crypto push

Latest NewsPublishedAug 28, 2026

BitGo completed its acquisition of NYDIG’s institutional trading business, adding about 30 employees and expanding its derivatives and financing capabilities.

BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients.

BitGo stated it completed the acquisition of NYDIG’s institutional trading business under a definitive agreement, the company revealed Thursday. The transaction includes NYDIG’s institutional client trading relationships and about 30 employees who joined BitGo. The companies did not disclose financial terms.

The acquired business provides derivatives, structured products, financing and capital markets services to clients including asset managers, hedge funds and companies. BitGo CEO Mike Belshe stated the acquisition will “meaningfully scale” the company’s trading and infrastructure capabilities and allow it to serve a broader range of institutional clients.

“This transaction allows our team to continue delivering the same innovative solutions, execution quality, and dedication clients have come to expect, now backed by an even deeper set of resources,” stated Pete Janney, head of financial infrastructure at BitGo.

The companies stated the sale will allow the company to focus its resources on power generation, Bitcoin mining and high-performance computing data centers. as reported by the announcement, NYDIG’s development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity it anticipates to deliver in 2027 and 2028.

Cointelegraph reached out to BitGo for additional details about the transaction but had not received a response by publication.

Related: BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• BitGo
• Business
• Institutions
• Trading
• Industry

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