BitGo Launches Global Markets, an Institutional Trading and Financial Services Division, Led by Former NYDIG Executive Pete Janney

November 4: The Block reports that digital asset infrastructure company BitGo (NYSE: BTGO) announced the launch of its Global Markets division, consolidating liquidity, trade execution, financing, derivatives and settlement services, headed by former NYDIG executive Pete Janney. BitGo acquired NYDIG's institutional and trading business on August 27, with about 30 employees joining as a result. The new division will offer spot and block OTC trading, crypto-collateralized financing, options, swaps and bespoke structured products, as well as asset management strategies, private funds and research services, with clearing and settlement handled by Go Network. BitGo Prime, which has operated since 2020, will be folded into the division. BTGO rose 3.4% in Wednesday premarket trading.