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BitGo has officially introduced its over-the-counter (OTC) crypto trading desk, catering to institutional investors. The platform will support spot and derivatives trading, alongside lending, custody, and yield-generation services. With access to over 250 digital assets, the new desk aims to meet growing institutional demand for secure and regulated trading solutions.
Before this announcement, BitGo had been operating the desk in stealth mode since early 2024. During this time, it facilitated billions in trading volume and built a lending book exceeding $150 million. Now, with proven success, BitGo is expanding the platform’s reach, offering 24/7 services across all major time zones.
BitGo has assembled a team of experienced professionals to oversee the new venture. Matt Ballensweig, previously with Genesis and Bridgewater, and Stefan Von Haenisch, formerly of OSL Group, are leading the desk’s operations.
Ballensweig expressed confidence in BitGo’s approach, stating, “Having seen many market cycles and understanding what works and what doesn’t, we’ve been quietly building a proper institutional crypto trading desk and now we’re confident we offer what other brokers can’t.”
The launch of BitGo’s OTC trading desk follows reports that the company may be considering an initial public offering. Since its founding in 2013, BitGo has grown into a leading crypto custody provider, serving over 2,000 institutional clients across 90 countries. In December 2024, the company also introduced a retail-focused platform, signaling its commitment to expanding both institutional and individual crypto services.