BitGo Expands German License for EU Crypto Services

BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has significantly strengthened its position in the European market through a strategic license extension from Germany’s Federal Financial Supervisory Authority (BaFin). This development comes at a pivotal moment for the European crypto sector, which is projected to generate approximately $26 billion in revenue this year according to industry estimates. The expansion places BitGo at the forefront of institutional crypto services in a region that is rapidly embracing digital asset adoption.

The license extension represents a calculated move by BitGo to capitalize on the growing institutional demand for comprehensive crypto services across the European Union. With traditional financial institutions and crypto-native companies increasingly seeking regulated, secure platforms for digital asset management, BitGo’s expanded capabilities position the company to capture a substantial share of this burgeoning market. The timing aligns perfectly with the maturation of Europe’s regulatory framework and the increasing mainstream acceptance of cryptocurrency investments.

The expanded license enables BitGo Europe, the company’s local subsidiary, to provide a comprehensive suite of services that now includes custody, staking, transfer, and trading capabilities. This represents a significant enhancement from the company’s initial Markets-in-Crypto-Assets (MiCA) license obtained in May 2025, which primarily focused on custody, transfer, and staking services. The addition of trading functionality completes BitGo’s service ecosystem, creating a one-stop solution for institutional clients.

For institutional investors, the license extension unlocks access to BitGo’s over-the-counter (OTC) trading desk and multiple liquidity venues, providing sophisticated trading capabilities typically reserved for traditional financial markets. This development is particularly significant given the growing demand from European institutional investors who require robust, regulated trading infrastructure to execute large-volume transactions efficiently and securely. The OTC desk will enable clients to trade significant cryptocurrency volumes without impacting market prices, a critical requirement for large institutional players.

BitGo’s expanded license intensifies competition in the European crypto custody and trading landscape, particularly against established financial institutions and emerging crypto-native service providers. The company’s ability to offer a complete suite of regulated services under BaFin’s supervision provides a significant competitive advantage in a market where regulatory compliance and security are paramount concerns for institutional clients. This move demonstrates BitGo’s commitment to meeting the evolving needs of both traditional financial institutions and crypto-native companies operating within the European Union.

The strategic importance of Germany’s regulatory approval cannot be overstated, as BaFin is widely regarded as one of Europe’s most stringent and respected financial regulators. By securing this expanded authorization, BitGo not only gains access to the German market but also strengthens its credibility across the entire European Economic Area. This regulatory milestone positions BitGo as a preferred partner for institutions seeking compliant digital asset solutions, potentially accelerating the adoption of cryptocurrency services among conservative European financial entities that have been hesitant to engage with less-regulated providers.