Digital asset infrastructure provider BitGo has received a license extension from Germany’s Federal Financial Supervisory Authority (BaFin), allowing its subsidiary BitGo Europe to launch regulated crypto trading services. The company, which already held a MiCA license for custody, staking, and transfers, can now offer institutions access to trading, an OTC desk, and multiple liquidity venues. With over $100 billion in assets under custody, BitGo is among the largest players in the sector.
The expansion comes as Statista projects Europe’s crypto revenues will hit $26 billion in 2025, with Germany at the forefront of adoption. Tailwinds include Europe’s MiCA regulatory framework, growing ties between traditional finance and crypto-native companies, and rising institutional interest in exchange-traded products. Analysts say BitGo’s step underscores Europe’s momentum in building a regulated crypto ecosystem, contrasting with the slower pace of rulemaking in the United States. It also highlights how infrastructure improvements and regulatory clarity are boosting institutional confidence in the region’s crypto markets.
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