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

BitGo launched BitGo Global Markets, an institutional trading and financial services unit led by former NYDIG executive Pete Janney, following its August 27 acquisition of NYDIG's institutional and trading businesses that brought roughly 30 employees onboard. The division combines global liquidity, trade execution, financing, derivatives and settlement, offering spot trading, block OTC, crypto-collateralized lending, options, swaps and custom structured products, plus investment strategies, private funds and research for eligible counterparties. Its Global Liquidity Layer aggregates venues and market makers, while Go Network handles clearing and settlement. The move deepens BitGo's push into full-service institutional crypto trading beyond custody, positioning it against prime brokers and exchange-owned desks. What to watch next is client onboarding and volume ramp-up across the new desk and how quickly the integrated NYDIG team scales derivatives and financing offerings.