BitGo Partners with Susquehanna for OTC Prediction Markets

BitGo, a leading digital asset custody and trading platform, announced a partnership with Susquehanna Crypto on Tuesday in New York to offer institutional clients over-the-counter access to prediction markets. The collaboration enables hedge funds, family offices, and ultra-high-net-worth individuals to trade event-based contracts using cryptocurrency or stablecoin collateral held directly on BitGo's platform, with minimum trade sizes of $100,000.

Under the agreement, trades execute bilaterally through BitGo's OTC desk, where Susquehanna Crypto provides liquidity for reasonably liquid event contracts. Clients can post assets such as Bitcoin, Ethereum, stablecoins, or U.S. dollars as collateral without needing to liquidate positions or route through retail interfaces. The process uses standard derivatives documentation, including binary option and event contract confirmations, to align with institutional risk management practices. This setup keeps digital assets intact in custody, streamlining operations for large investors who previously faced barriers in accessing these markets.

Prediction markets allow participants to buy and sell contracts tied to real-world event outcomes,...