BitGo is expanding its presence in the European cryptocurrency market by obtaining a license from the German regulator BaFin to provide regulated crypto trading services in the European Union.
This is reported by Business • Media
BitGo Obtains BaFin License for Operations in the EU
The custodial provider BitGo has announced that it has received a BaFin license, allowing its Frankfurt subsidiary BitGo Europe to officially offer a wide range of services, including over-the-counter (OTC) and electronic trading of thousands of digital assets and stablecoins. This decision provides European institutions with access to a regulated infrastructure for working with cryptocurrencies.
Previously, BitGo entered into a partnership with Copper to develop an “in-custody” trading network. This allows transactions with digital assets to be conducted without moving them outside the regulated custody ecosystem.
“Institutions need deep liquidity and reliable trade execution, but at the same time, they require assurances of regulatory oversight. We aim to provide both in one place,” said Brett Reeves, Head of European Sales at BitGo.
New Opportunities for EU Institutional Investors
BitGo emphasizes that with the expansion of its license, European pension funds and asset managers gain easier access to the digital asset market. Clients no longer need to open accounts on various exchanges or with multiple custodians — all transactions can be conducted within the single regulated ecosystem of BitGo Europe, compliant with the Markets in Crypto-Assets Regulation (MiCA) and with assets stored in cold wallets.
Reeves also highlighted that the new platform allows clients to trade seamlessly, competitively, and confidently, combining institutional-grade custodial solutions with high-performance trade execution infrastructure. This opens up access to deep liquidity for investors and ensures asset security, which he described as a true breakthrough for the European digital asset ecosystem.
By obtaining the BaFin license, BitGo Europe joins a limited group of regulated providers in the EU offering a full range of services: custodial services, staking, transfers, and crypto trading. Among the companies that already hold MiCA licenses are Bybit (Austria, May 2025), Coinbase, Kraken, and Bitvavo (Luxembourg, Ireland, and the Netherlands respectively, June 2025), as well as Gemini (Malta, August 2025).