Partnership enhances liquidity access across digital asset markets
NEW YORK--(BUSINESS WIRE)--BitGo Prime, LLC (“BitGo Prime”), a subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, today announced the addition of Virtu Financial (NASDAQ: VIRT) (“Virtu”) to its global liquidity network, strengthening liquidity access and execution quality.
Virtu is a leading provider of multi-asset liquidity and innovative, transparent products across the investment cycle to the global financial markets.
BitGo Prime provides clients access to aggregated liquidity through a single platform designed to improve price efficiency and execution quality. Throughout trading and settlement, client assets remain securely held in custody with BitGo Bank & Trust, National Association, an OCC-chartered digital asset trust bank, or BitGo Europe GmbH, a regulated crypto-asset service provider with a Markets in Crypto-Assets Regulation (MiCAR) License from the German Federal Financial Supervisory Authority (BaFin).
“Clients continue to look for trusted partners that can provide deep liquidity, consistent execution, and operational reliability through all market conditions,” said Adam Sporn, Head of Prime Brokerage and U.S. Institutional Sales at BitGo. “Expanding our liquidity network with leading firms like Virtu is an important part of delivering a best-in-class trading experience for our clients.”
“The addition of Virtu to BitGo’s network reflects Virtu’s continued commitment to expanding our presence across digital assets, allowing us to increase liquidity and provide institutional clients with the competitive pricing they have come to expect across other asset classes we participate in,” said Scotte Moegling, Head of Business Development for Digital Assets at Virtu Financial.
As BitGo Prime continues to expand its institutional trading ecosystem, the addition of Virtu further enhances BitGo’s ability to deliver efficient liquid markets for institutional participants globally.
About BitGo
BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.
About Virtu Financial
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrency and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre-, intra-, and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. For more information, visit www.virtu.com.
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