BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing

BitGo NYDIG Trading Arm Deal Explained

BitGo agreed to buy NYDIG’s trading arm for $42.5 million in cash and stock plus a potential $15 million earnout, according to CoinDesk. The deal, ruling or incident now moves to its next phase as counterparties disclose further details.

BitGo 以约 4250 万美元收购 NYDIG 机构交易业务

ChainCatcher 消息，BitGo 宣布完成对 NYDIG 机构交易业务的收购，交易以两步合并方式完成，总对价约 4250 万美元，包括 700 万美元现金和约 3550 万美元 BitGo 股票。约 30 名 NYDIG 员工随业务转入，交易还包含与收入里程碑挂钩的 Earnout 条款。该业务为资产管理公司、对冲基金、企业和家族办公室提供衍生品、结构化产品、融资和资本市场解决方案。BitGo CEO Mike Belshe 表示，机构客户越来越希望与能够支持数字资产全生命周期的可信合作伙伴合作，涵盖托管、交易、融资和结算。对 NYDIG 而言，出售交易使其能够专注于发电、比特币挖矿和高性能计算数据中心业务，该公司称其开发管道超过 3 吉瓦。BitGo 今年在纽交所上市，估值约 20 亿美元，并推出了 USDS 稳定币。

BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing

The roughly $42.5 million cash-and-stock deal adds derivatives, structured products and capital-markets capabilities, while letting NYDIG focus on its power and data-center business.

BitGo NYDIG Deal Adds Trading and Financing Services

BitGo NYDIG developments center on BitGo’s plan to acquire the institutional trading business of NYDIG through a deal valued at $42.5 million in cash and stock, with another $15 million in cash tied to revenue milestones. According to a filing released Friday, the transaction covers NYDIG IF Holdings and includes $7 million in cash and… The post BitGo NYDIG Deal Adds Trading and Financing Services first appeared on CryptoNewsBytes.