BITGO will gain Bafin’s approval to provide regulated crypto transactions in Europe, adding its custody and staking services.
The new license is intended to enhance institutional adoption through MICA compliance, secure transactions and settlements under one platform.
The Crypto market traded narrowly on Wednesday as investors awaited future pricing for the US Federal Reserve. Bitcoin was around $116,364, an increase of around 1% over the past 24 hours. Ethereum traded slightly lower, with XRP rising 0.4% to $3.01. Solana was flat at nearly $235.45, while Binance Coin stood out with a 2.8% jump. Other tokens, like the avalanche and Cardano, show modest movements and reflect a completely cautious mood.
The meme coins were mixed, the doge coins were soaked 0.8%, and the Trump tokens rose 0.2%. With the Fed’s widespread hopes of reducing fees, traders are wary of signs that can push the crypto into their next leg.
Against this backdrop, Bitgo Europe Gmbh has secured a green light from German financial regulator Bafin, expanding its services to regulated crypto transactions. The move, alongside competitors such as Coinbase and Kraken, positions Bitgo as one of the few European companies offering custody, staking and, now, transactions under a single license.
From custody to full-service platform
Frankfurt-based Bitgo Europe is now able to provide both in-store (OTC) and electronic trading to thousands of digital assets and Stablecoins. Up until now, the company’s services have focused primarily on custody and staking. This license extension allows institutional investors to trade directly through Bitgo’s regulated systems, while still keeping their assets securely in mica-compliant cold storage.
This unified model reduces the complexity of major investors. Pension funds, asset managers and other agencies no longer have to maintain exchanges or individual accounts with custodians. Instead, BITGO’s system allows for transactions and settlement within a single, regulated environment.
Building Myca Compliance
This new approval is based on Bitgo’s previous milestone in May 2025 and secured the license based on the EU market for the Crypto-Assets (MICA) framework. That license covered custody, staking and forwarding services. Adding transactions to the mix expands Bitgo’s role as a one-stop shop for institutional crypto access in Europe.
The company also attacked a deal with Copper, a digital asset custody specialist earlier this year, creating a “internal” trading network. The initiative aims to bring key interactions to a safe environment where assets can be traded without leaving regulated custody.
What does this mean for the institution?
The approval highlights Europe’s driving force to make crypto more secure and accessible to large investors. According to Brett Reeves, Bitgo’s head of European sales, agencies need both liquidity and reliability, but just as important, regulatory oversight is required. By combining these factors, BITGO hopes to attract investors who may have hesitated due to operational risks and regulatory uncertainties.
For the European crypto market, this development could be a turning point. One of the largest and most established management companies currently offering regulated transactions could accelerate the adoption of institutions. And with increasingly transparent regulatory, BITGO’s model could become a template for how digital assets are handled safely and efficiently across the EU.
