BitGo Secures EU-wide Crypto Operations with MiCA License

BitGo, a cryptocurrency custody firm backed by Goldman Sachs, has secured regulatory approval to operate across the European Union. On May 12, Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), granted BitGo Europe a Markets in Crypto-Assets Regulation (MiCA) license. This license allows BitGo to provide digital asset services to crypto-native firms and traditional finance institutions, including banks and asset managers within the EU.

Harald Patt, the managing director of BitGo Europe, emphasized the significance of this license, stating that it underscores the firm's commitment to the highest standards of security, transparency, and trust. BitGo, founded in 2013 in Palo Alto, California, is a major platform in the cryptocurrency industry specializing in crypto custodial services, holding cryptocurrencies like Bitcoin (BTC) on behalf of its clients.

BitGo's latest regulatory milestone in Europe follows its efforts to increase its presence in the EU, including establishing local headquarters in Frankfurt in 2023. Since setting up BitGo Europe in Germany, the firm has received multiple registrations in EU states, including Italy, Spain, Poland, and Greece. With the MiCA license now secured, BitGo can operate across the entire EU under a unified, forward-looking regulatory framework.

BitGo did not specify the services it intends to roll out immediately under the new MiCA license. However, the firm mentioned that the MiCA license comes at a pivotal moment as it expands its product suite to offer a broad range of institutional-grade digital asset solutions. This development is significant as Germany has emerged as a major jurisdiction for European businesses seeking MiCA registration, with BaFin issuing licenses to several companies in 2025.