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Crypto

BitGo Acquires NYDIG Trading Arm for $42.5 Million

Guavy AI Editorial Team
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BitGo is acquiring NYDIG's trading arm in an all-stock deal valued at $42.5 million, with an additional $15 million tied to future performance milestones.

The transaction combines $7 million in cash and approximately $35.5 million in BitGo stock, with the potential for Stone Ridge, NYDIG's parent company, to receive up to $15 million more if the acquired business reaches specified revenue milestones.

This deal reflects the ongoing consolidation of institutional crypto infrastructure as providers overlap in custody, trading, and financing services.

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