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Crypto

BitGo Acquires NYDIG's Institutional Trading Business

Guavy AI Editorial Team
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BTC
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BitGo is set to acquire NYDIG's institutional trading business in a move that reflects growing demand for cryptocurrency trading services.

The acquisition, which was announced on [no date mentioned], marks another significant development in the crypto industry, which has seen increased adoption in recent months.

NYDIG's institutional trading business allows institutions to trade Bitcoin and other cryptocurrencies with greater ease and efficiency. The company claims its platform can handle billions of dollars' worth of transactions per day.

No financial details were disclosed in the announcement.

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