BitGo, a major player in digital asset infrastructure, has secured approval from Germany's Federal Financial Supervisory Authority (BaFin) to expand its services in Europe to include regulated crypto trading. This significant development allows BitGo Europe GmbH, the company's Frankfurt-based subsidiary, to offer a comprehensive suite of crypto services to European institutional investors, operating under the Markets in Crypto-Assets (MiCA) regulation.
With this license extension, BitGo Europe can now provide custody, staking, transfer, and trading services within a regulated framework. This includes access to an Over-the-Counter (OTC) trading desk and a high-performance electronic trading platform, enabling seamless spot trading across thousands of digital assets and stablecoins. The platform aggregates liquidity from numerous sources, including top-tier market makers and exchanges, ensuring competitive pricing and efficient execution for its clients.
This BaFin approval builds upon the MiCA license BitGo Europe obtained in May 2025, further solidifying its commitment to providing legally compliant crypto services in Europe. The MiCA license covers custody, staking, and transfers, and the new approval expands those services into trading. This allows BitGo to offer a single platform where institutions can trade, store, and manage digital assets under full regulatory compliance.
According to BitGo, this integrated approach addresses a key challenge in the digital asset market: making it safer and more efficient for traditional finance. By combining custody with trading, BitGo enables clients to execute trades and keep assets secure without leaving the regulated custody perimeter. The company's custody solution features multi-signature technology, advanced access controls, and \$250 million in insurance coverage.
BitGo's expansion comes at a time of increasing institutional interest in crypto, driven by improved infrastructure and the emergence of crypto exchange-traded products (ETPs). Supportive regulatory frameworks like MiCA in Europe and the growing convergence of crypto-native companies and traditional financial institutions are also fueling this trend.
Brett Reeves, Head of European Sales and Go Network at BitGo, emphasized the importance of regulatory oversight and the need for institutions to have both liquidity and assurance of proper governance. By offering trading alongside custody and staking, BitGo aims to create a secure and efficient ecosystem for institutional crypto activity. Reeves stated that this development is a "game-changer for any institution looking to operate safely and efficiently in the digital assets markets and a strong step forward for Europe's maturing digital asset ecosystem".
BitGo's expansion positions it alongside other major crypto firms like Coinbase and Kraken, who have already established services in Europe. As one of the few European firms providing an integrated solution combining custody, staking, and trading under a single regulatory framework, BitGo is well-positioned to capture a significant share of the growing European digital asset market. The company also plans to expand its educational programs and technical support to help new institutional clients navigate the European regulatory environment.
