BitGo acquires NYDIG's trading unit for up to $57.5M in cash and stock

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Cryptocurrency custody firm BitGo has agreed to acquire NYDIG IF Holdings, the trading arm of NYDIG, for $42.5 million upfront. The deal consists of $7 million in cash and approximately $35.5 million in stock. An additional $15 million earnout provision brings the total potential deal value to $57.5 million. The acquisition signals BitGo's intent to expand its trading capabilities within the digital asset space.

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