Institutional crypto platform New York Digital Investment Group (NYDIG) has acquired the analytical company Digital Assets Data. Financial details of the deal were not disclosed in a press release.
NYDIG’s business covers custody and brokerage services for companies and large private clients. The assets under the management of the company amount to more than $ 4 billion. The acquisition is taking place against the background of a 10-fold increase in the number of customers in 2020, according to the company’s own data.
With the acquisition of Digital Assets Data, NYDIG expects to expand its range of services for institutions, hedge funds, high net worth investors and banks seeking to unlock the potential of bitcoin as an asset class.
“The addition of new sources of high quality data and analytical capabilities will expand NYDIG’s existing research, trading and advisory capabilities,” the company said in a statement.
Following the acquisition of Digital Assets Data, NYDIG expects a “significant” increase in strategic acquisitions in 2021.
Recall that Digital Assets Data believes that bitcoin is less and less like “digital gold”.
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