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Aug 27, 2026

BitGo acquires NYDIG's institutional trading business

BitGo completed the acquisition of bitcoin miner NYDIG's institutional trading unit and related assets, expanding its derivatives and financing offerings for institutional clients.

Aug 27, 2026·4 sources

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Top claims

▪Following the acquisition of NYDIG's institutional trading business, approximately 30 NYDIG employees and their institutional trading relationships joined BitGo
▪Following the sale of its trading unit, NYDIG intends to focus resources on its vertically integrated power generation, bitcoin mining, and high-performance computing data center development business
▪BitGo reported a year-on-year revenue growth of 79.6% to $4.329 billion for the quarter ending June 30, 2026, alongside a net loss of $19 million

Subtopics

Crypto derivatives Bitcoin Institutional crypto adoption Bitcoin mining Crypto custody regulation

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