Key Points
- The crypto infrastructure firm BitGo has agreed to buy the institutional trading business and related assets of NYDIG, CNBC has learned.
- BitGo is expanding its institutional capabilities just as activity in the crypto market is showing signs of picking up after a prolonged trading slump.
- The acquisition offers a glimpse into how companies are preparing for a recovery from the 2026 crypto downturn, and highlights how the industry is shifting away from crypto as a separate asset class and toward crypto-based infrastructure.
