US-based crypto custody firm BitGo has received a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s financial regulator BaFin, allowing it to offer regulated digital asset services across the European Union.
The license was granted to BitGo Europe GmbH, the company’s EU entity based in Frankfurt, established in 2023. Until now, BitGo operated under national registrations in several member states, including Italy, Spain, Poland, and Greece. With the MiCA approval, the firm can now offer services throughout the EU under a single regulatory framework.
Digital asset space
BitGo’s services include digital asset custody, wallets, staking, trading, and settlement. With the new license, the company is targeting both crypto-native firms and traditional financial institutions, such as banks and asset managers, that are entering the digital asset space.
The license positions BitGo to benefit from the growing institutional interest in digital assets within Europe, which has accelerated since MiCA came into effect. It also reflects a broader trend of digital asset firms seeking regulatory approval to meet rising compliance demands from institutional clients.
