BitGo secured regulatory approval to offer digital
asset services across the European Union, marking a major step in its global
expansion and signaling increased institutional interest in the region’s
growing crypto market.
With Germany’s BaFin granting a Markets in
Crypto-Assets Regulation (MiCA) license to BitGo Europe, the company now aims to serve both traditional finance and crypto-native firms
looking for compliant infrastructure solutions.
BitGo has received a MiCA license from BaFin, marking a significant milestone in our European expansion. This approval extends our digital asset services across the EU—supporting both crypto-native companies and TradFi institutions, including banks and asset managers, seeking a… pic.twitter.com/wuyf6P01kg
— BitGo (@BitGo) May 12, 2025
A Gateway to EU-Wide Expansion
According to the company, the MiCA license gives BitGo the legal framework to
operate across the EU’s 27 member states under a unified regulatory standard.
The approval comes as MiCA continues to transform the European digital asset
landscape, offering clarity and stability for institutions seeking to enter the
space.
Commenting about the approval, Harald Patt, the Managing
Director of BitGo Europe GmbH, said: “We are proud to receive our MiCA licence
from BaFin, establishing our foothold in the European Union. We are excited to
support the continued growth of crypto adoption in Europe.
Read more: eToro IPO 10x Oversubscribed as Crypto Rebound Attracts Investors: Report
BitGo Europe GmbH, headquartered in Frankfurt and
established in 2023, already holds registrations in multiple EU countries,
including Italy, Spain, Poland, and Greece. The BaFin license now strengthens
its position to act as a central provider of regulated digital asset services.
Institutional Focus
The MiCA framework has helped Europe become one of the
most active regions for crypto regulation and development. Recent trends
include an uptick in approvals for services such as staking and stablecoin
issuance, reinforcing the EU’s growing relevance in the global digital asset
market.
We’re formally unveiling @BitGo’s OTC Trading desk, which offers 24/7 spot, derivative and lending liquidity to all of our institutional clients globally. Our edge: Trade while your assets remain in segregated qualified custody and post-trade settle. No “prefunding” required. https://t.co/CyEKm2TTo2
— Matt Ballensweig 💹 🧲 (@mtballensweig) February 18, 2025
Recently, BitGo expanded its services with the launch of an over-the-counter (OTC) trading desk specifically targeting institutions to
trade cryptocurrencies.
The OTC desk offers around-the-clock service and lists more
than 250 digital assets. Besides that, it provides trading services with both
spot and derivative instruments, lending services, and yield-generating
products.
This article was written by Jared Kirui at www.financemagnates.com.
Source link
