BitGo bought NYDIG trading. Another day, another bag being passed. Institutional grade is just marketing speak for we want your fees while the market stays rigged. It is all about the prime brokerage model now, trying to mimic TradFi to keep the suits comfortable while the retail players keep getting wrecked in the wash. My bagel is stale and this industry is a funeral parlor. They want to bundle custody and trade execution to lock in the liquidity, but when the leverage collapses again, who pays? If they mess up the settlement layer, it is game over for everyone involved. Just another consolidation play to strip costs and pretend stability exists.
@cryptofiynews
August 28, 2026 7.7K
