BitGo Expands German License for Crypto Trading

Germany’s Federal Financial Supervisory Authority (BaFin) has granted BitGo Europe an extension to its existing Markets in Crypto-Assets (MiCA) license, originally issued in May 2025. This authorization permits the Frankfurt-based subsidiary to provide over-the-counter (OTC) and electronic trading services, complementing its already approved custody, staking, and transfer operations. The expansion means institutional clients can now execute trades directly through BitGo’s regulated platform, with liquidity sourced from market makers and exchanges while digital assets remain securely held in MiCA-compliant cold storage.

Brett Reeves, head of European sales at BitGo, emphasized the significance of this development, stating, “Institutions need deep liquidity and reliable execution, but they also need the assurance of regulatory oversight.” This sentiment underscores the growing demand for regulated crypto services among traditional financial entities seeking exposure to digital assets like BTC and ETH without compromising on security or compliance. The approval positions BitGo as a comprehensive solution for institutions navigating Europe’s evolving crypto landscape.

The license expansion aligns with broader trends in Europe’s crypto economy, where revenue is projected to reach $26 billion in 2025, according to a recent Statista report. Germany, in particular, has emerged as a critical hub for crypto adoption, driven by its robust regulatory framework and institutional interest. BitGo’s enhanced capabilities—now encompassing trading, custody, staking, and transfers—cater directly to this demand, offering a one-stop-shop for regulated digital asset services.

This move also reflects a strategic response to global regulatory shifts, such as Hong Kong’s new crypto hub regulations and Brazil’s proposals to legalize crypto payments. By securing BaFin’s endorsement, BitGo not only fortifies its foothold in Germany but also sets a precedent for other jurisdictions under MiCA’s harmonized standards. The inclusion of stablecoins like USDT and USDC in its trading services further addresses institutional needs for liquidity and stability in volatile markets.

BitGo’s expanded license arrives amid heightened regulatory scrutiny worldwide, including the SEC’s ongoing litigation involving entities like Binance. By contrast, Germany’s clear regulatory pathway under BaFin and MiCA provides a model for balancing innovation with investor protection. This approval could incentivize other crypto firms to pursue similar licenses, accelerating institutional adoption across Europe.

Moreover, the development highlights the competitive landscape, where traditional finance (tradfi) and crypto are increasingly converging. BitGo’s ability to offer integrated services—from OTC trading desks to multi-venue liquidity—positions it as a formidable player against exchanges like Binance, especially as institutions prioritize compliance. As crypto revenue projections soar and Germany cements its status as a leader, BitGo’s regulatory-first approach may redefine how institutions engage with digital assets globally.