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BitGo and Susquehanna Crypto open OTC prediction markets to institutions. March 24, 2026 - By Crypto Briefing - Original BitGo and Susquehanna Crypto launch OTC prediction markets for institutions, targeting hedge funds and ultra-high-net-worth individuals with a minimum trade size of $100,000. Confidence: 80% Horizon: medium-term Key numbers. * Minimum trade size: $100,000 * BitGo's IPO valuation: $2.08 billion * BitGo began trading on NYSE on January 22, 2026 Market drivers (micro). * Increased institutional interest in prediction markets * Regulatory developments affecting trading practices * Demand for streamlined trading solutions among large market participants Context (macro). * Growing integration of prediction markets into traditional finance * Increased regulatory scrutiny on prediction market activities Who wins / who loses. * Winners: Institutional investors seeking innovative trading solutions * Losers: Retail traders who may be excluded from this service Scenarios. Base The launch will likely attract significant interest from institutional investors looking for new trading opportunities. Alt Regulatory challenges could hinder the growth and adoption of OTC prediction markets. What to Watch next. * Monitor regulatory developments regarding prediction markets. * Watch for adoption rates among institutional clients. * Observe potential partnerships or expansions by BitGo and Susquehanna. Full analysis. BitGo and Susquehanna Crypto launch OTC prediction markets for institutions. BitGo, a prominent player in the cryptocurrency space, in collaboration with Susquehanna Crypto, has unveiled a new over-the-counter (OTC) prediction market service tailored for institutional clients. This innovative offering allows eligible BitGo clients to engage in trading listed event contracts using cryptocurrency or stablecoin collateral already held on BitGo's platform. Target audience. The primary audience for this service includes hedge funds, family offices, and ultra-high-net-worth individuals. By enabling clients to execute event-driven trades bilaterally with BitGo, the service eliminates the need for retail interfaces or selling digital assets to fund positions. Instead, clients can post collateral in USD, stablecoins, Bitcoin, or other cryptocurrencies, streamlining the trading process. Trade specifications. BitGo has established a minimum trade size of $100,000, positioning this product squarely at larger market participants rather than retail traders. This strategic move enhances BitGo's institutional product line, just two months after its IPO on January 22, 2026, where it began trading on the NYSE under the ticker BTGO, with a valuation of approximately $2.08 billion at the IPO pricing. Market context. The launch of this OTC prediction market service comes at a time when prediction markets are increasingly converging with traditional finance. In 2026, firms are racing to build institutional frameworks around these markets. For instance, Kalshi, another player in the prediction market space, announced a partnership with Tradeweb to expand institutional access, while also working with FIS on clearing infrastructure aimed at Wall Street clients. Regulatory scrutiny is also intensifying, with recent reports indicating that Kalshi has moved to block politicians and athletes from trading in markets they could influence. Additionally, a bipartisan bill has been introduced to ban sports-related contracts and casino-style games on prediction market platforms regulated by the CFTC. Conclusion. Against this backdrop, BitGo and Susquehanna Crypto are betting on a growing demand for a cleaner institutional wrapper around event contracts. Their offering incorporates standard derivatives documentation, bilateral execution, and integrated collateral management, reflecting the structures used by many professional trading firms in other markets. This strategic initiative not only reinforces BitGo's commitment to expanding its institutional offerings but also positions it favorably within the evolving landscape of prediction markets and institutional finance.

BitGo, Susquehanna crypto offering institutional OTC access to prediction markets. March 24, 2026 Coindesk general New partnership lets hedge funds and other large investors trade event contracts using crypto collateral held on BitGo's platform. Key takeaways. BitGo and Susquehanna have announced a significant collaboration designed to democratize institutional access to prediction market trading. This partnership establishes an over-the-counter platform enabling hedge funds and sophisticated investors to engage with event contracts while utilizing cryptocurrency assets stored securely on BitGo's infrastructure. The initiative addresses a critical gap in digital asset markets by bridging traditional institutional finance with emerging prediction market opportunities. Through this arrangement, qualified investors gain exposure to contracts tied to real-world events without navigating fragmented retail exchanges or complex onboarding procedures. BitGo's role extends beyond custody, providing the technological backbone for secure transactions and collateral management. Susquehanna brings institutional credibility and market-making expertise, ensuring liquidity and fair pricing for participants. This development reflects growing institutional appetite for cryptocurrency-based trading instruments. Prediction markets represent a nascent but expanding sector, offering novel hedging and speculative opportunities. The partnership positions both companies at the forefront of institutional crypto adoption while advancing market infrastructure maturity. For investors seeking exposure to prediction markets with institutional-grade custody protections, this collaboration presents a compelling alternative to conventional trading venues, potentially accelerating broader market participation among professional traders. Read the full article. Continue reading this article on Coindesk

Axcelis announces CFO transition. Mar 12, 2026, 16:30 ET David Ryzhik Appointed Interim Chief Financial Officer BEVERLY, Mass., March 12, 2026 /PRNewswire/ - Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced that David Ryzhik, Senior Vice President of Investor Relations and Corporate Strategy, has been appointed Interim Chief Financial Officer, effective March 12. James Coogan is leaving the Company to pursue a CFO opportunity at a public company in a different industry and will remain with the Company through April 24 to ensure a smooth transition. Axcelis will initiate a search process with the assistance of a leading executive search firm to identify its next CFO. President and CEO Russell Low said, "We are fortunate to have a leader like David available to step into the role of Interim CFO. David has deep knowledge of our business, strategy, financial operations and investor relations function, and he has played a significant role in our pending merger with Veeco. The Board and I are confident he is well positioned to continue driving his leadership role in the company as well as our finance organization during this transition." Dr. Low continued, "David also brings strong relationships with our financial stakeholders, and I look forward to working more closely with him to advance our financial priorities, drive disciplined execution, and capitalize on significant value creation opportunities in connection with our combination with Veeco." "I am honored to step into the Interim CFO role and intend to continue building on the momentum underway at Axcelis," said Mr. Ryzhik. "Together with the leadership team, we will continue to focus on executing on our strategy, advancing our ongoing integration planning efforts with Veeco and driving long-term value for shareholders." Dr. Low added, "On behalf of the Board, I thank Jamie for his many contributions to the Company. During his tenure at Axcelis, he helped build a strong finance organization, drive operational discipline, and position the Company for value creation. We wish him all the best in his next chapter." Mr. Coogan said, "It has been a privilege to work alongside so many talented colleagues at Axcelis. I am confident that the Company is well positioned financially and strategically to deliver on its value creation objectives, and that David is the right interim leader to carry that work forward." About David Ryzhik Mr. Ryzhik is a seasoned finance and investor relations executive with more than 20 years of experience across multiple industries. He has served as Senior Vice President of Investor Relations and Corporate Strategy at Axcelis since July 2024. Prior to joining Axcelis, Mr. Ryzhik was Vice President of Investor Relations at MKS Instruments and previously served as a Senior Equity Research Analyst at Susquehanna International Group and as a Senior Research Associate at Brean Capital. Earlier in his career, he held financial roles in public administration with the New York City Mayor's Office of Management & Budget and the New York City Fire Department. Mr. Ryzhik holds a Master of Business Administration in Financial Management and a Bachelor of Business Administration in Finance and Accounting from Pace University's Lubin School of Business and serves as a board member of the National Investor Relations Institute's Boston Chapter. About Axcelis Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com. Investor Relations Contact: David Ryzhik Senior Vice President and Interim Chief Financial Officer Telephone: (978) 787-2352 Email: [email protected] Press/Media Relations Contact: Maureen Hart Senior Director, Corporate & Marketing Communications Telephone: (978) 787-4266 Email: [email protected] SOURCE Axcelis Technologies, Inc.