BitGo buys NYDIG trading arm to deepen institutional crypto push

BitGo completed its acquisition of NYDIG’s institutional trading business, adding about 30 employees and expanding its derivatives and financing capabilities.

The top 3

  1. Largest Ever Crypto M&A Deals: The largest crypto acquisition to date was Stripe's acquisition of stablecoin platform Bridge for $1.1 billion in October 2024, followed by Bullish's $4.2 billion acquisition of Equiniti in 2026 to expand back-office capabilities for digital asset settlement. Coinbase's $2.9 billion purchase of derivatives exchange Deribit in 2025 also ranks among the biggest.
  2. Top Acquisitions for Institutional Reach: Ripple acquired crypto custody firm Metaco for $250 million in May 2023 and prime brokerage Hidden Road for $1.25 billion in April 2025 to strengthen its institutional capabilities. Robinhood also acquired crypto exchange Bitstamp for $200 million in June 2024 to expand its global crypto operations and institutional services.
  3. Most Impactful Exchange Mergers: Major exchanges are expanding through acquisitions to gain market share and diversify offerings. Coinbase acquired Deribit for $2.9 billion in 2025 to boost its derivatives trading. Kraken also secured NinjaTrader for $1.5 billion in 2025 to expand its futures trading capabilities.

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