NYDIG
Institutional Bitcoin custody, trading, lending, and mining infrastructure powered by regulated NYDFS-licensed entities and proprietary low-cost energy.
Why We Recommend NYDIG
NYDIG operates through NYDFS-chartered and licensed subsidiaries (NYDIG Trust Company LLC and NYDIG Execution LLC), providing regulated, audited, and insured Bitcoin custody. The firm emphasizes air-gapped private key management with 100% cold storage to eliminate cyber risks, contrasting with weaker industry practices.
Backed by Stone Ridge Holdings Group, NYDIG has raised over $1 billion in growth equity from major institutional investors including Morgan Stanley, MassMutual, New York Life, Soros Fund Management, Bessemer, and WestCap. The company has operated since 2017 with no reported security breaches or losses.
NYDIG's custody solution is SOC 1/2 audited with insurance coverage, and the firm holds money transmitter and virtual currency business licenses across multiple U.S. states, enabling compliant Bitcoin services for banks, corporations, and institutions.
Best For
NYDIG is designed for institutions, banks, corporations, and high-net-worth individuals seeking regulated Bitcoin infrastructure rather than retail self-custody solutions. Banks and credit unions can white-label NYDIG's platform to offer Bitcoin buy/sell/hold services to their customers through existing apps.
Corporations benefit from treasury management strategies and employee Bitcoin Savings Plans that allow paycheck-to-Bitcoin conversion with zero transaction or storage fees for employees. The custody and lending infrastructure supports large positions through partnerships with firms like Jefferies.
Mining operations and power companies can leverage NYDIG's vertically integrated energy infrastructure, which uses stranded natural gas and low-cost power sources across 20+ sites in 7 U.S. states plus Argentina.
Services & Features
- Regulated NYDFS-licensed custody
- Spot and derivatives trading
- Bitcoin-secured HODL loans
- Corporate treasury strategies
- Employee Bitcoin Savings Plans
- White-label bank integrations
- 270MW+ bitcoin mining operations
- Air-gapped cold storage
- Institutional API integrations
Considerations
NYDIG does not serve retail customers directly - access is through partner banks or institutional relationships. Some implementations do not allow Bitcoin withdrawals to external wallets. Trading fees through bank partners run 1.75-2% per transaction plus an undisclosed spread.
