BitGo has completed the acquisition of the institutional trading business of NYDIG, a Bitcoin infrastructure company, in a move that adds derivatives and financing capabilities as BitGo broadens its services for institutional cryptocurrency clients.

The company announced Thursday that it finalized the deal under a definitive agreement, according to an official announcement. The transaction covers NYDIG's institutional client trading relationships, and approximately 30 employees from the unit have joined BitGo. Financial terms were not disclosed.

The acquired business supplies derivatives, structured products, financing, and capital markets services to clients including asset managers, hedge funds, and corporations. BitGo CEO Mike Belshe said the acquisition will "meaningfully scale" the firm's trading and infrastructure capabilities and enable it to serve a wider range of institutional clients.

"This transaction allows our team to continue delivering the same innovative solutions, execution quality, and dedication clients have come to expect, now backed by an even deeper set of resources," said Pete Janney, head of financial infrastructure at BitGo.

For NYDIG, the sale sharpens its strategic focus on power generation, Bitcoin mining, and high-performance computing data centers. According to the announcement, NYDIG's development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity the company expects to deliver in 2027 and 2028. The pivot reflects a broader pattern among Bitcoin-focused firms of aligning operations with energy infrastructure as mining and compute demand increasingly intersect with power development.

Cointelegraph reached out to BitGo for additional details about the transaction but had not received a response by publication time.

The deal marks another step in BitGo's expansion beyond its core custody business. Founded in 2013, BitGo is best known for providing regulated crypto custody and security infrastructure, and has increasingly added trading, staking, and other institutional services. The acquisition also fits a wider wave of consolidation in the institutional crypto sector, where firms have been combining custody, execution, and financing into single platforms as banks, asset managers, and corporations deepen their engagement with digital assets. How effectively BitGo integrates the acquired team and client relationships will be visible in the scope of services it rolls out for institutional clients going forward. Related coverage: BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B.