BitGo Unveils an OTC Trading Desk for Institutions

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Crypto custody firm BitGo has unveiled a global over-the-counter (OTC) crypto trading desk that includes spot and derivatives trading, among a variety of other products.

BitGo’s OTC trading desk aims to create a trading environment for institutional investors, offering services such as spot and options trading, as well as access to lending, yield generation, and custody services. The firm plans to offer more than 250 digital assets.

As revealed in a blog post, the US-based crypto custody provider launched the OTC desk after conducting operations in stealth mode since early 2024. During this time, the platform achieved billions in trading volume and developed a lending portfolio exceeding $150 million.

With growing institutional demand, BitGo intends to extend the services and products of its OTC desk to clients worldwide, ensuring availability across all major time zones.