BitGo Holdings, Inc., a digital asset infrastructure company, has expanded its institutional over-the-counter (OTC) trading platform to support derivatives trading. This expansion enables institutions to trade OTC derivatives through a BitGo trading entity, with client collateral held in separately regulated BitGo custody.
In connection with this expansion, Tim Kan, formerly Head of Sales Trading at QCP Capital, has joined BitGo as Director of Derivatives Trading. Mr. Kan will lead the OTC derivatives team and support the platform’s continued growth.
The expanded offering builds on BitGo’s existing OTC trading desk, which launched in February 2025. Since its inception, the desk has provided spot trading and financing solutions to institutional clients seeking reliable execution and secure settlement within a regulated infrastructure. Clients now gain access to enhanced derivatives trading capabilities, alongside BitGo’s existing prime services, which include electronic trading, collateral management, and settlement solutions.
Mike Belshe, co-Founder and CEO of BitGo, commented, “As institutional participation in digital asset markets continues to mature, clients are increasingly seeking the ability to execute more sophisticated strategies without compromising on custody, risk management, or operational controls. Expanding our OTC platform to support derivatives trading reflects our long-term commitment to building institutional-grade infrastructure that enables capital efficiency, security, and scalability across the digital asset ecosystem.”
Tim Kan, Director of Derivatives Trading at BitGo, stated, “BitGo has built an institutional OTC platform that prioritizes security, reliability, and disciplined execution. As institutional participation in digital asset markets continues to evolve, demand for derivatives strategies that can be executed in conjunction with separately regulated custody solutions is increasing. I am focused on expanding BitGo’s derivatives capabilities and continuing to deliver customized strategies at scale while maintaining rigorous risk controls.”
BitGo’s OTC derivatives offering is designed to support various institutional trading objectives, including yield generation, risk hedging, and directional exposure for hedge funds, digital asset treasury companies, miners, lenders, and trading firms. Trades are executed bilaterally with BitGo’s OTC desk, with support for a broad range of digital assets and collateral types. By integrating derivatives trading within its existing OTC and prime services platform, BitGo aims to enable institutions to pursue sophisticated strategies while adhering to custody standards and operational controls.
BitGo, founded in 2013, provides digital asset infrastructure, including custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including exchanges and platforms, and over a million investors worldwide. The ongoing expansion of its OTC platform signifies the company’s commitment to developing a full-service institutional trading desk and infrastructure platform, combining liquidity access, derivatives expertise, and regulated custody to support long-term participation in digital asset markets.
