NewsMV
The institutional trading business NYDIG built for asset managers, hedge funds, corporates, and family offices is moving to BitGo.
Announced Thursday, the deal transfers roughly 30 employees and NYDIG's institutional client relationships to a platform that now holds a full national trust bank charter from the Office of the Comptroller of the Currency.
Financial terms were not disclosed. The setup for BitGo widens considerably.
CEO Mike Belshe said in a statement that the transaction is expected to meaningfully scale the company's trading and infrastructure capabilities while adding a team with deep experience serving institutional clients.
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