BitGo announced that AndX USA LLC has launched the 2026 entry of U.S. cryptocurrency exchanges on BitGo’s Crypto-as-a-Service infrastructure, enabling nationwide operations of the global digital asset platform in all 50 states worldwide under an OCC-regulated custody framework backed by $250 million in insurance coverage.
The U.S. crypto exchange market in 2026 will increasingly be built by platforms that integrate existing regulatory infrastructure through API-driven partnerships, rather than companies building their own custody and compliance systems from scratch. The launch of AndX and BitGo are the most obvious recent examples of that model working at scale.
BitGo’s Crypto-as-a-Service offering provides the technical and regulatory foundations for OCC-regulated custody, transaction monitoring, transfer workflows, and compliance architecture, all delivered through configurable APIs and webhooks. AndX connects to that stack and focuses engineering resources on trading interfaces, AI-powered tools, and market-ready features that differentiate us from our users.
“Cryptocurrency platforms should not have to choose between speed to market and institutional-grade security measures,” said Frank Wang, managing director and head of fintech at BitGo. “BitGo’s Crypto-as-a-Service enables partners like AndX to launch and scale secure trading experiences on top of a regulated infrastructure foundation using an API-driven system designed for trust, control, and compliance.”
Building a compliant US cryptocurrency exchange from scratch requires obtaining a money transfer license in more than 46 states, operating a BitLicense application in New York, establishing a custodial structure, hiring compliance and AML staff, and building or procuring a monitoring system before a single user can transact. When a platform enters the United States from an international location, the timeline typically takes 18 to 36 months and requires significant capital.
BitGo’s CaaS model compresses this down to the time required for API integration and contract negotiation. BitGo Bank and Trust has already received regulatory approval. The $250 million custodial insurance covers BitGo’s own holdings across its infrastructure and reduces counterparty risk for platform partners. This model is growing alongside the expansion of the U.S. spot ETF market and the framework of the upcoming CLARITY Act, which together raise the bar for what crypto infrastructure should be for institutional investors.
What AndX brings to the table
AndX describes itself as an AI-native Web3 financial platform that combines multi-asset trading, tokenization, cross-border payments, real-time financial intelligence, and what it calls a gamified participation layer into a single ecosystem. We have an existing user base in Türkiye, UAE, India, Brazil, Philippines and South Africa.
Laparti said the company’s goal is to “expand access to financial markets while maintaining the highest standards of security and trust,” and the partnership with BitGo is a mechanism to enable that in the U.S. regulatory environment.
Where does it fit in the market structure?
The launch of AndX is one of several moves this week that highlight the consolidation of regulatory infrastructure as a competitive moat in the U.S. cryptocurrency exchange market. Payward’s acquisition of Bitnomial this week for up to $550 million was similarly focused on regulatory licensing and clearing infrastructure rather than user acquisition. As the CLARITY Act moves toward markup, platforms that reach a legislative point where they are subject to OCC, CFTC, and state-level regulation will have a structural advantage over those that do not. This is exactly what partnerships like AndX and BitGo are designed to deliver before the regulatory deadline hits.
