BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors.
The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.
The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.
Statista projects that cryptocurrency revenue in Europe will reach $26 billion this year, with Germany leading adoption in the region.
Tailwinds for the market include supportive regulatory frameworks such as MiCA, increased intermingling between crypto native companies and traditional finance institutions and deals that could augment consolidation.
Related: BitGo backs Central Asia’s first spot Bitcoin ETF in Kazakhstan
Institutional interest in crypto is rising
Institutional interest in crypto has increased in recent years as infrastructure has improved and crypto exchange-traded products (ETPs) have emerged, driving credibility to the sector.
That has been followed by regulations for crypto assets in places like Europe and the United Arab Emirates, with the United States weighing its market structure bill.
Among Wednesday’s movers in the institutional crypto space is Bullish, a crypto exchange that caters to institutions. It paved the way for a US debut after securing a BitLicense and Money Transmission License from the New York State Department of Financial Services. On Tuesday, Standard Chartered’s venture capital arm revealed plans to launch a $250 million digital asset fund in 2026.
Annabelle Huang, co-founder of Altius Labs, told Cointelegraph that the next wave of institutional crypto adoption is ongoing as fintech companies, like Robinhood and Stripe, build their own blockchains.
Magazine: Danger signs for Bitcoin as retail abandons it to institutions — Sky Wee
