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BitGo Buys NYDIG’s Institutional Trading Arm for $7M Cash and $35.5M in Stock
Aug 30, 2026
< 1 min read
by Jose Oramas
for CryptoPotato
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Crypto company BitGo has officially acquired NYDIG’s Bitcoin-focused institutional trading business. The deal was signed and completed on Thursday and reported on Friday, paying $7 million in cash and about $35.5 million in stock at closing, with up to $15 million more in cash tied to two revenue milestones.
The purchase brings NYDIG’s derivatives, structured products, financing, and capital markets operations to the custody company, along with roughly 30 employees.
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