BitGo, a cryptocurrency custody provider backed by Goldman Sachs, has secured a key regulatory license in Europe. The firm was approved by BaFin, a regulator of the financial sector in Germany.
Its license falls under the Markets in Crypto-Assets Regulation, also known as MiCA. The license allows BitGo to lawfully offer its services on digital assets in the European Union.
The company set up its EU headquarters in Frankfurt in 2023. The company already has a presence in states like Italy, Spain, Poland, and Greece. The MiCA license now enables BitGo to do business in all EU states subject to a unified rule.
It expands in EU with trusted Crypto services
BitGo offers services such as crypto custody, wallet, staking, trading, and settlement. The license enables BitGo to proceed with greater confidence and wider accessibility in the European market. The license also facilitates easier entry into the digital asset class by institutions like banks and asset managers.
The European Union has become a solid foundation for digital assets as a result of the clear rules of MiCA. The rules bring order and security to the crypto space. BitGo’s new license demonstrates the serious commitment of the firm in respecting the law and safeguarding customers’ holdings.
This license enhances the reputation of BitGo in the region and boosts investor and financial institution confidence. BitGo is now better placed to cater to customers in all EU countries without having to apply multiple times in each country following the acquisition of the license.
BitGo to lead safe Crypto growth in Europe
This step adds to BitGo’s global presence and aligns with the growing demand for regulated digital finance. As more institutions seek secure ways to enter the crypto world, BitGo stands ready to meet that need with trusted services.
The MiCA license does not only reflect a legal win. It also signals the increasing maturity of the crypto industry in Europe. Companies that meet high standards in security and transparency now have a clearer path to expansion.
BitGo continues to grow its services while keeping compliance and safety as top priorities. The company’s European team now has full authority to operate across the region. With strong rules in place and a license approved by a top financial body, BitGo aims to lead digital finance into its next phase in the EU.
