NYDIG acquires Digital Assets Data as crypto M&A looks poised to pick up
Bitcoin custody and trading services provider NYDIG announced Monday that it has acquired crypto data firm Digital Assets Data ahead of a bigger push to expand its platform.
NYDIG is not as well-known as some more retail facing exchanges like Coinbase or Kraken, but the firm counts more than $4 billion in assets under management and operates a business that spans prime brokerage, corporate treasury, and custody services, as per its website. NYDIG made headlines in December when insurance giant Mass Mutual said that it had invested $5 million in the company, and utilized NYDIG services to acquire $100 million worth of bitcoin for its general insurance account.
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