BitGo Europe Scores BaFin License - Unleashes Full Crypto Trading Services Across EU

Breaking through regulatory barriers—BitGo Europe just secured its BaFin crypto trading license, marking a seismic shift for institutional digital asset access.

Regulatory Green Light

BaFin’s stamp of approval lets BitGo operate legally across Germany and passport services throughout the EU. No more regulatory gray areas—just full-throttle crypto trading, custody, and liquidity services for institutions craving legitimacy.

Market Impact

This isn’t just another compliance checkbox. BitGo’s expansion injects serious institutional liquidity into European crypto markets—tightening spreads, boosting volume, and giving traditional finance players one less excuse to avoid digital assets.

Finance’s Ironic Twist

Meanwhile, traditional banks still charge custody fees for assets they can’t technically secure—but sure, keep telling us crypto’s the risky one. BitGo’s move proves regulated crypto isn’t coming—it’s already here, and it’s eating legacy finance’s lunch.

BitGo and the New Plan for EU Investors

BitGo has received approval from BaFin to provide regulated crypto trading services to residents of the European Union. The company will offer services through its new trading platform and OTC trading desk. These offerings will cover a wide range of digital assets and stablecoins, providing institutional investors with more options.

With this expansion, BitGo is now competing with major crypto firms like Coinbase and Kraken, who have already established their services in Europe. The company’s OTC desk is designed to help institutional clients trade at competitive prices with quality execution. Additionally, BitGo’s high-performance electronic platform will offer spot trading for a variety of crypto assets.

The firm plans to attract investors by providing access to top-tier liquidity sources, such as market makers and exchanges. This enables BitGo to offer institutional investors an efficient and competitive trading environment. BitGo’s approach is expected to strengthen its position as a key player in the European crypto market.

BitGo Secures MiCA License for EU Operations

BitGo’s expansion follows its recent success in receiving the EU’s Market in Crypto Assets (MiCA) license from BaFin in May. This MiCA license allows BitGo to provide regulated digital asset services across the European Union. BitGo Europe GmbH Managing Director Harald Patt expressed pride in the achievement, noting that it reflects the firm’s commitment to high regulatory standards.

“Our MiCA license from BaFin reinforces our dedication to security, transparency, and trust in the European market,” Patt said.

This license further strengthens BitGo’s position in the region as the company continues to foster crypto adoption.

In addition to its activities in Germany, BitGo holds registrations in several other European countries, including Italy, Spain, Poland, and Greece. BitGo also holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore and has sought a VIRTUAL Asset Service Provider (VASP) license in South Korea. Although it did not secure the VASP license in South Korea, BitGo formed strategic partnerships with SK Telecom and Hana Financial, both becoming significant shareholders in BitGo Korea.