In a significant development for institutional crypto trading, Virtu Financial has officially joined the BitGo Prime global liquidity network as of July 15, 2026. This partnership marks a crucial step in integrating traditional financial market practices into the digital asset trading space.
The collaboration introduces a clear separation between two key functions custody and execution that are usually bundled together on centralized crypto exchanges. Under this new arrangement, BitGo will handle qualified custody and settlement, while Virtu will take charge of liquidity provision and pricing. This innovative structure allows assets to remain securely in custody while executing trades through a distinct liquidity network.
Scotte Moegling, head of business development for digital assets at Virtu, emphasized the benefits of this partnership, stating that it enables the firm to offer institutional clients competitive pricing akin to what they expect in other asset classes. This is particularly relevant as Virtu recently disclosed an estimated net income of $285 million for Q2 2026, reflective of a solid trading environment.
Virtu Financial holds a MiCA authorization, granting it the ability to provide liquidity and trading services across the 27 EU member states. In parallel, BitGo has been operating under a MiCAR license from BaFin since May 2025, which covers custody and settlement functions, further solidifying the regulatory framework of this partnership.
This move aligns with broader trends in the financial sector, as other major banks are also exploring similar infrastructures. Standard Chartered, for example, is in the early stages of launching its own crypto prime brokerage through its venture unit SC Ventures, indicating a growing interest among traditional institutions in the evolving landscape of digital assets.
Overall, the Virtu and BitGo partnership highlights a significant shift where established financial firms are increasingly taking on roles in the crypto sector, paving the way for more structured and compliant trading environments.
This article is for informational purposes only and does not constitute financial advice.
