Germany’s financial watchdog, BaFin, granted BitGo Europe a Markets in Crypto-Assets Regulation license. This approval allows the company to offer regulated digital asset services throughout the European Union.
The license marks a key moment for BitGo’s EU arm, which opened its Frankfurt headquarters last year.
Regulatory Approval in Germany
The BaFin license is the first full MiCA approval for BitGo. It confirms that the firm meets strict standards for security, transparency and compliance. BitGo Europe GmbH, set up in 2023, already holds registrations in Italy, Spain, Poland and Greece.
With the new license, it can now serve clients in all member states without seeking separate local permits.
Expanded Services Across the EU
BitGo plans to provide custody, wallet services, staking, trading and settlement to both crypto native businesses and traditional financial institutions.
Banks and asset managers in Europe can now tap BitGo’s infrastructure to hold and move digital assets under a clear legal framework. The move reflects growing demand among institutional investors for secure ways to engage with tokens and blockchain assets.
Strengthening the European Crypto Ecosystem
Europe’s adoption of MiCA has created a more predictable environment for digital asset firms. By harmonising rules on market conduct, stablecoins and service provider obligations, the regulation aims to protect investors and curb fraud.
BitGo’s license shows how the new rules can spur growth. As more companies see a path to compliance, the region looks set to become a global hub for crypto services.
Global Partnerships and Industry Impact
In a related development, India’s leading exchange, WazirX, announced a strategic partnership with BitGo. The deal will boost custodial security for WazirX users and enhance the exchange’s risk controls.
Meanwhile, Google has said it will tighten advertising rules for crypto services in Europe under MiCA. The search giant’s policy update will help reduce misleading coin offerings and ensure ads meet the new legal standards.
Leadership Perspective
Harald Patt, Managing Director of BitGo Europe GmbH, said the MiCA license underlines the company’s commitment to top-level compliance.
He noted that having a unified regulatory framework across 47 countries will help BitGo support the broader adoption of digital finance. Patt added that the firm looks forward to working with regulators and clients to build trusted infrastructure for tokens and blockchain-based services.
What This Means for Users?
For businesses and institutions, BitGo’s approval offers a secure channel for holding and moving cryptocurrencies under EU law. The license also brings clarity on operational and reporting obligations.
Users can expect real-time audits, clear asset segregation and strong legal safeguards. This contrasts with earlier years, when rules varied widely and firms faced uncertainty over cross-border services.
BitGo’s MiCA license paves the way for further expansion in Europe. As the company rolls out its full service suite, competition among custody providers is likely to intensify.
Other global players will seek similar approvals, driving innovation in compliance tools and security protocols. In time, these improvements should benefit end users by lowering costs and raising trust in digital asset markets.