BitGo, a notable cryptocurrency custody provider established in the USA, has successfully secured a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s financial authority, BaFin. This crucial regulatory milestone allows BitGo to provide digital asset services to institutional clients, including banks, asset managers, and crypto-native firms throughout all EU member states under a standardized legal structure.

Harald Patt, Managing Director of BitGo Europe GmbH, remarked, “As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business.”

He added, “We are proud to receive our MiCA license from BaFin, and look forward to supporting the continued growth of crypto adoption in Europe. This license underscores our commitment to the highest standards of security, transparency, and trust.”

BitGo has received a MiCA license from BaFin, marking a significant milestone in our European expansion.
This approval extends our digital asset services across the EU—supporting both crypto-native companies and TradFi institutions, including banks and asset managers, seeking a… source

Key Takeaways

• The MiCA license enables BitGo to operate seamlessly across all EU member states, eliminating the necessity for individual national approvals and simplifying legal and operational processes.
• This license was granted by Germany’s BaFin to BitGo Europe GmbH, headquartered in Frankfurt, which was established as BitGo’s EU base in 2023.

In recent developments, BitGo’s European headquarters was set up in Frankfurt, recognizing the EU as an emerging global hub for digital asset innovation thanks to MiCA’s clearly defined and unified regulatory approach. This evolution has catalyzed institutional participation and enhanced trust in the market. On the other side of the Atlantic, BitGo is in the process of applying for banking licenses in the US. Recent reports suggest the company is poised to leverage the current pro-crypto environment facilitated by the US government. Furthermore, in February 2025, BitGo launched a global over-the-counter (OTC) trading platform for digital assets in anticipation of a potential initial public offering (IPO) later this year.