BitGo launches institutional trading and financial solutions business led by former NYDIG executive Pete Janney following its August acquisition of NYDIG's institutional trading operations.
DeFi & Yields ·
BitGo has launched a new institutional trading and financial solutions division following its August acquisition of NYDIG's institutional trading operations. Pete Janney, a former NYDIG executive, will lead the new BitGo Global Markets division, integrating the acquired business under BitGo's operational structure.
The move combines BitGo's existing custody and infrastructure capabilities with the institutional trading platform acquired from NYDIG. This positions the firm to offer integrated services spanning digital asset custody, settlement, and trading execution to institutional clients.
Details on the scope of services, specific client targets, and financial terms beyond the August acquisition announcement remain unclear at this stage.