BitGo launches institutional trading and financial services division BitGo Global Markets, led by former NYDIG executives.

on November 4, according to The Block, digital asset infrastructure company BitGo announced the launch of BitGo Global Markets, its institutional trading and financial services division, led by former NYDIG executive Pete Janney. This division integrates global liquidity, trade execution, financing, derivatives, and settlement services. BitGo completed the acquisition of NYDIG's institutional and trading businesses on August 27 this year, bringing approximately 30 employees on board.

Regarding business offerings, BitGo Global Markets will provide spot trading, large-block OTC transactions, crypto-collateralized financing, options, swaps, and customized structured products, along with investment strategies, private fund services, and research for qualified counterparties. Its Global Liquidity Layer will consolidate liquidity sources such as exchanges and market makers, while the Go Network will handle clearing and settlement.