Virtu Financial Joins BitGo Prime network as | Crypto Work Pro
Virtu Financial has joined BitGo Prime’s world liquidity network, bringing a main conventional market maker into BitGo’s institutional digital asset trading stack.
The corporations introduced the partnership in a joint press release on July 15, 2026.
Separating Custody From Execution
The partnership additionally splits two features which can be usually bundled on centralised crypto exchanges: custody and execution. BitGo’s custody and settlement infrastructure now pairs with Virtu’s liquidity provision.
Under the association, BitGo supplies certified custody and settlement; Virtu supplies liquidity and pricing. Assets can stay in custody whereas execution routes via a separate liquidity network.
Scotte Moegling, head of business development for digital property at Virtu, mentioned the partnership lets the firm offer institutional purchasers “the competitive pricing they have come to expect across other asset classes.” The remark was included within the July 15 release.
Virtu Financial Ireland holds MiCA authorisation. The licence provides it passporting rights to offer liquidity and trading companies throughout the EU’s 27 member states; it was publicly disclosed on June 2, 2026. BitGo Europe has held a MiCAR licence from BaFin since May 2025, overlaying custody and settlement.
Other Banks are Building Similar Infrastructure
Standard Chartered is individually planning to launch a crypto prime brokerage. The service can be housed within its enterprise unit SC Ventures, in accordance with people accustomed to the matter cited by Bloomberg.
While the discussions are at an early stage, and a launch date has not been set, the bank has already backed crypto custodian Zodia Custody and trading platform Zodia Markets. In July, it grew to become the primary world systemically important bank to offer spot crypto trading to institutional purchasers.
The BitGo-Virtu partnership factors to the identical sample: custody and execution infrastructure for institutional crypto is more and more being constructed by companies with present regulatory standing in conventional markets, not by crypto-native platforms alone.
Virtu disclosed preliminary second-quarter outcomes alongside the July 15 announcement: anticipated internet income of $285 million and adjusted internet trading income of $718 million, equal to roughly $11.6 million per trading day.
This article was written by Tanya Chepkova at www.financemagnates.com.
Stay up to date with the newest developments in Crypto! Our web site is your go-to source for cutting-edge crypto information,
