Institutional Trust Builds as BitGo Wins EU Crypto Trading License

BitGo, a leading digital asset infrastructure provider, has expanded its crypto services in Europe following regulatory approval from Germany’s BaFin. The Frankfurt-based subsidiary, BitGo Europe GmbH, now holds a Markets in Crypto-Assets (MiCA) license that authorizes the company to offer regulated trading services, including over-the-counter (OTC) and electronic trading, across thousands of digital assets and stablecoins. This development complements BitGo’s existing offerings in custody, staking, and transfers, positioning it as a full-stack platform for institutional and traditional financial clients. The new services are integrated with institutional-grade custody solutions, allowing clients to trade and settle digital assets while maintaining their holdings in regulated cold storage.

The approval is particularly significant for institutional investors such as pension funds, asset managers, and large financial entities, which require liquidity, efficient execution, and regulatory compliance. Brett Reeves, Head of European Sales and Go Network at BitGo, highlighted that the platform’s integration of custody and trading reduces operational complexity and counterparty risk, enabling clients to manage capital more efficiently without compromising on security. By operating within a single regulated ecosystem, institutions can avoid the need to use multiple exchanges or custodians, streamlining processes and enhancing regulatory clarity.

BitGo’s expansion aligns with the growing maturity of Europe’s digital asset ecosystem, as more institutional players seek regulated infrastructure to navigate the crypto market. The firm joins a select group of EU-regulated crypto providers offering comprehensive services, including Bybit, Coinbase, Kraken, Bitvavo, and Gemini. These companies are now able to offer custody, staking, remittances, and trading under the MiCA framework, providing institutions with more options in a compliant environment. As MiCA regulations continue to roll out across the bloc, firms like BitGo that align with these standards are well-positioned to lead in the evolving digital asset landscape.

The MiCA framework, which was passed by the European Parliament in April 2023, aims to harmonize crypto rules across EU member states. It mandates that crypto firms register with national regulators and meet consumer protection, transparency, and capital requirements. The framework also imposes strict oversight on stablecoin issuers and seeks to prevent market abuse and insider trading in crypto markets. For BitGo, securing a MiCA license marks a key milestone in its European strategy and underscores its commitment to operating under the highest standards of security and trust.

Looking ahead, BitGo’s expansion is expected to enhance confidence among European institutional investors considering their first foray into digital assets. With access to deep liquidity and a unified regulatory framework, institutions can now engage in crypto markets with greater assurance. The firm’s move also reflects broader trends in the digital asset sector, where secure, compliant infrastructure is becoming a competitive advantage. As the EU solidifies its position as a hub for digital asset innovation, companies like BitGo are playing a pivotal role in shaping the future of institutional crypto adoption.