Custodian BitGo has received a MiCA license from the German regulator
The company’s German branch was launched in 2023
12.05.2025 - 14:20
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What’s new? Cryptocurrency infrastructure provider BitGo has received a license under the EU-wide Markets in Crypto-Assets (MiCA) regulation from the German Financial Supervisory Authority (BaFin). This allows the company to offer regulated digital asset services in all countries of the bloc.
What else is known? The move involves the expansion of BitGo Europe GmbH, which was founded in Frankfurt in 2023 as BitGo’s EU headquarters.
It already has registrations in several EU member states, including Italy, Spain, Poland, and Greece. With the MiCA license, BitGo can operate across the EU under a single regulatory framework.
BitGo will now be able to serve both crypto companies and traditional financial institutions, including banks and asset management firms.
The company continues to expand its suite of services, which already includes storage, wallets, trading, settlement, and staking, including bitcoin staking via the Babylon protocol.
Last month, the media reported that BitGo is exploring the possibility of obtaining a banking license in the United States.
BitGo will launch global over-the-counter trading platform
The platform has enabled the settlement of trades via the Go Network, which it launched in 2023
Earlier, it became known that the issuer of the largest by capitalization USDT Tether will not apply for a MiCA license to operate in the EU.
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