BitGo Launches Institutional Trading and Financial Services Division BitGo Global Markets, Led by Former NYDIG Executive

TechFlow news, Nov 04, according to The Block, digital asset infrastructure company BitGo announced the launch of its institutional trading and financial services division, BitGo Global Markets, led by former NYDIG executive Pete Janney. The division integrates global liquidity, trade execution, financing, derivatives, and settlement services. BitGo completed its acquisition of NYDIG's institutional and trading business on Aug 27 this year, with approximately 30 employees joining.

In terms of business, BitGo Global Markets will offer spot trading, large-block over-the-counter (OTC) trading, crypto-collateralized financing, options, swaps, and customized structured products, and will provide investment strategies, private funds, and research services to qualified counterparties. Its Global Liquidity Layer will integrate liquidity sources such as exchanges and market makers, while the Go Network will handle clearing and settlement.

Source: TechFlow