BitGo agrees to acquire NYDIG's institutional trading business.

Crypto custody company BitGo has reached an agreement to acquire NYDIG's institutional trading unit. This acquisition is expected to integrate derivatives, structured products, financing, and other capital markets services into BitGo's existing crypto asset custody, settlement, and wallet operations. Approximately 30 NYDIG employees and around 250 institutional client relationships are anticipated to transfer to BitGo as part of the deal.