BitGo launches a Global Markets division for institutional crypto trading

[CoreWhisper]

BitGo is expanding beyond custody into a full institutional trading business. The Block reports that BitGo has launched BitGo Global Markets, a division combining liquidity, execution, financing, derivatives and settlement for institutions

The new division is led by Pete Janney, formerly of NYDIG. It builds on BitGo's purchase of NYDIG's institutional and trading business in August 2026, which brought around 30 staff, and it now includes BitGo Prime, which has offered trading since 2020

Services include a Global Liquidity Layer for spot and over the counter trading, crypto backed loans with collateral held in qualified custody, options, swaps and structured products, managed strategies, and Go Network for clearing and settlement

Chief executive Mike Belshe said Janney understands how institutions trade and manage risk. Janney said clients need more than simply buying and holding crypto

Institutions want one trusted provider for custody, trading and lending, and BitGo is positioning itself to be that provider. Keeping loan collateral in qualified custody addresses one of the biggest risks exposed by past crypto lender failures. It is a sign of how much the crypto industry has matured

Do institutions need full service crypto providers like this? And has the industry learned from past lending collapses?

Bitgo Launches Institutional Trading And Financial Solutions Business Led By Former Nydig Executive 432646www.theblock.co

[Undertaker]

Crypto looks very different from a few years ago. More regulation, more institutional players, more structure

Some early users will miss the wild days. Most will welcome the stability