Digital asset infrastructure firm BitGo and proprietary trading firm Susquehanna Crypto launched an institutional OTC access layer for prediction markets on Tuesday, allowing eligible clients to trade listed event contracts using collateral already held on BitGo’s platform.
The offering targets hedge funds, family offices and ultra-high-net-worth individuals. Trades are executed bilaterally with BitGo Prime, with Susquehanna Crypto providing liquidity support. Clients can post USD, stablecoins, BTC or other crypto as collateral, removing the need to liquidate existing digital asset positions or route through retail-facing platforms.
The firms describe the product as “first-of-its-kind”, though no independent verification of that claim is available.
How it works
The framework is documented under industry-standard derivatives trading documentation, including binary option and event contract confirmations. That choice of legal structure is designed to fit within onboarding, execution and risk management processes institutions already use for traditional derivatives.
The minimum ticket size is $100,000 per listed contract, according to Matt Ballensweig, Global Head of Trading at BitGo.
“This offering is designed to give clients a more seamless way to access that liquidity through bilateral OTC execution and digital asset collateral frameworks built for institutional use,” Ballensweig said.
Susquehanna Crypto, headquartered in Nassau with offices in London, Hong Kong, New York and Bala Cynwyd, operates across digital asset derivatives, on-chain strategies and token market-making. The Block reported previously that Susquehanna was the first market maker on Kalshi.
BitGo received OCC approval in December 2025 to convert BitGo Trust Company into BitGo Bank & Trust, National Association, a federally chartered digital asset trust bank. The company reports $104 billion in assets on its platform and over 9.3 million wallets created.
CoinDesk noted that prediction market trading volumes topped roughly $40 billion to $45 billion in 2025, driven largely by retail platforms such as Polymarket and Kalshi. The new product is aimed at capturing institutional demand that has so far lacked compatible custody and execution infrastructure.
