BitGo has received regulatory approval from Germany’s financial authority, BaFin, under the European Union’s Markets in Crypto-Assets (MiCA) framework, positioning the firm to scale its institutional digital asset services across the continent.
The license, granted to BitGo Europe GmbH, the company’s regional headquarters, allows the firm to offer regulated crypto services throughout the EU. BitGo is now equipped to serve crypto-native companies and traditional financial institutions seeking secure, compliant access to digital assets.
The approval comes as the EU solidifies its reputation as a global hub for crypto innovation, driven by the clarity and structure introduced under the MiCA regulatory regime. BitGo’s authorization is one of the most significant under the new framework. It marks a milestone in the firm’s broader strategy to become a go-to infrastructure provider for regulated digital finance in Europe.
“As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business,”
said Harald Patt, Managing Director of BitGo Europe GmbH.
“Receiving the MiCA license from BaFin confirms our commitment to maintaining the highest standards in security and governance as we help drive the next wave of crypto adoption across Europe.”
The MiCA framework covers key areas like stablecoins, custody, and staking and has spurred compliance-focused expansion across the industry. BitGo’s entry into this regulated environment signals a shift toward more mature, institutionally aligned services that meet rising demand from banks, asset managers, and fintech firms.
With this license, BitGo aims to deepen its partnerships across the EU, offering a full suite of institutional-grade custody, wallet, and settlement solutions designed to meet the evolving needs of a rapidly growing digital asset economy.
Meanwhile, BitGo has officially launched a global over-the-counter (OTC) crypto trading desk. The new platform will provide spot and derivatives trading for over 250 cryptocurrencies to clients across all major time zones and lending, yield generation, and custody services to institutional investors worldwide.
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