NewsNovo
The timing here is the tension.
BitGo is acquiring NYDIG's institutional trading business, a deal that broadens BitGo's institutional capabilities at a moment when crypto trading activity is recovering after a prolonged slump.
The case for the move rests on that recovery being real and durable. The risk is that the slump reshaped demand in ways that make the current pickup harder to read than the headline direction implies.
Institutional crypto infrastructure absorbed sustained pressure through the trading downturn. BitGo is moving to absorb NYDIG's trading operations at a point when activity appears to be climbing back.
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