BitGo Launches Global OTC Crypto Trading Desk for Institutional Investors

BitGo, a US-based crypto custody firm, has announced the launch of a global over-the-counter (OTC) crypto trading desk that will offer a range of products, including spot and derivatives trading, lending, yield generation, and custody services.

The OTC trading desk will provide institutional investors with an environment to trade spot and options, with access to over 250 assets. The platform has been operating in stealth mode since early 2024, during which time it recorded billions in trading volume and a lending book that surpassed $150 million.

Meeting Rising Institutional Demand

With institutional demand for cryptocurrencies on the rise, BitGo plans to offer its OTC desk’s services and products to clients worldwide, covering all major time zones. The desk will be led by experienced executives Matt Ballensweig and Stefan Von Haenisch, who have previously held positions at Genesis, Bridgewater, and OSL Group.

“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.”

A Growing Presence in the Crypto Market

BitGo’s OTC trading desk launch comes amid reports that the company is eyeing an initial public offering (IPO). Founded in 2013, BitGo has expanded its digital asset custody service to over 2,000 institutional clients across 90 countries. In December 2024, the company unveiled a new retail-focused platform.

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