BitGo's Big Bet on Crypto Institutions The recent consolidation wave in the crypto market has brought another significant player into the fold, as BitGo Holdings acquired NYDIG's institutional trading business.
On its surface, this deal appears to be a straightforward expansion of BitGo's offerings, but a closer look reveals a more complex calculus at play.
BitGo's push into institutional crypto is not new; the company has been building towards this moment for months.