Exchanges· ★★★· neutral·

Riot Platforms moves Bitcoin custody from NYDIG to BitGo Bank & Trust

  • —Riot is moving assets from NYDIG Trust to BitGo Bank & Trust
  • —In September 2026 Riot repaid a $200 million Coinbase Credit facility
  • —In August 2026 BitGo acquired NYDIG's institutional trading business for about $42.5 million
  • —Riot had used NYDIG for segregated cold storage since November 2023
Why it matters: Institutions increasingly favor federally regulated bank custodians, intensifying competition for large clients in crypto asset storage.
#BTC
Source: Crypto Briefing
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