Crypto Gaint BitGo has launched a global OTC trading desk for digital assets. The move comes as the company prepares for an IPO later this year. The firm is a major provider of digital asset custody services.
The new trading desk has been operating quietly since early 2024. It has already processed billions in trades. The platform also manages a lending book worth over $150 million. The service aims to support asset managers with secure trading solutions.
Industry veterans lead the new desk. Matt Ballensweig, formerly of Genesis and Bridgewater, and Stefan Von Haenisch, from OSL Group, are in charge. The desk runs 24/7, covering all major time zones.
This liquidity boost: BitGo desk supports 250+ assets
BitGo’s trading desk supports over 250 digital assets. It offers spot and derivatives trading. Clients can also access lending services and yield-generating products. All transactions integrate with BitGo’s regulated custody services.
Institutional demand has been strong since the launch. Traders want secure and integrated solutions. BitGo’s system ensures client assets stay in insured custody, reducing the risks linked to funding and settlement delays.
Ballensweig believes BitGo has built something unique. “We have created a proper institutional trading desk,” he said. “Our service allows clients to trade safely without moving their assets.” The system uses BitGo’s Go Network for instant settlement.
BitGo’s trading desk offers flexible trading options. Clients can trade spots, derivatives, and lending products in one place. The platform provides competitive pricing and access to multiple liquidity sources. Dynamic order types, including limit and stop orders, are also available.
Crypto custody meets trading: BitGo integrates secure solutions
One standout feature is access to locked token markets. Venture capital firms and hedge funds can trade unvested L1 tokens. This is possible due to BitGo’s role as a preferred custodian for major blockchain projects. Security remains a top priority.
Client assets never leave BitGo’s custody during trades, and the firm backs this with $250 million in insurance coverage. This ensures a high level of trust for institutional traders. Settlement happens through BitGo’s Go Network. Clients receive funds in crypto or cash instantly. There is no need to transfer funds on-chain before settlement.
This institutional demand soars
BitGo’s rapid growth confirms its strong market position. The firm combines deep liquidity with a secure custody model. This launch marks a major milestone. BitGo plans to expand trading services further, setting new industry standards.
BitGo was founded in 2013 and provides custody, staking, trading, and settlement services. It supports over 2,000 institutional clients in 90 countries and remains a digital asset security and infrastructure leader.
