BitGo Acquires NYDIG Institutional Trading Business

BitGo Holdings announced on August 27, 2026, that it has completed the acquisition of NYDIG's institutional trading business, a move designed to significantly expand its derivatives and financing capabilities for professional investors. The deal brings approximately 30 NYDIG employees and their institutional client relationships, numbering around 250, onto BitGo's platform. Under the terms of the transaction, BitGo will pay up to $57.5 million in cash and stock. This includes $7 million in cash at closing and stock valued at approximately $35.5 million.