BitGo announced the launch of BitGo Global Markets on November 4, combining its institutional trading and financial services under an expanded business led by Pete Janney. The company said the launch follows its acquisition of NYDIG’s institutional and trading business.
The company’s announcement describes Global Markets as a combination of BitGo’s established institutional trading business and Prime Services offering, with additional expertise in derivatives, collateral management and structured finance. Existing operations therefore form part of the new business’s foundation.
Janney joins from NYDIG as Head of Global Markets. BitGo says the acquired team brings experience across derivatives, financing, collateral servicing and structured products. The announcement identifies the acquired operation as NYDIG’s institutional and trading business; it does not describe a purchase of NYDIG in its entirety.
BitGo lists institutional execution, prime financing, collateral management, derivatives and structured solutions, asset management, and research as the business’s areas of activity. Its execution offering includes spot and over-the-counter block trading, while the derivatives section refers to eligible counterparties.
The organizational change brings those activities together within Global Markets, supported by BitGo’s existing custody, trading connectivity and Go Network clearing and settlement infrastructure. The release describes dedicated client coverage across trading, financing and risk-management needs, as part of its broader offering for institutional digital asset clients.
The stated audience is institutional clients. The announcement does not set out universal customer eligibility, jurisdiction-by-jurisdiction availability or transaction-specific terms. It establishes the launch, leadership and scope of the business, while access to individual services remains distinct from the existence of the Global Markets organization.