finance.yahoo.com

BitGo Buys NYDIG Institutional Trading Arm to Expand Derivatives

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BitGo acquired NYDIG’s institutional trading business, adding derivatives and structured products for professional clients. The deal was completed under a two-step merger totaling about $42.5 million—$7 million in cash and about $35.5 million in BitGo stock—with earnouts and retention awards. The move supports BitGo’s expansion while BitGo also cut about 15% of staff amid crypto’s AI layoff wave.

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