BitGo Joins Coinbase and Kraken with Powerful MiCA Licence to Serve Europe’s Institutional Investors

BitGo Expands Crypto Services in Europe After German Regulator Approval

BitGo, a major digital asset infrastructure provider overseeing more than $100 billion in assets, has secured an extension of its licence from Germany’s Federal Financial Supervisory Authority (BaFin).

The approval allows its European subsidiary, BitGo Europe, to broaden its offerings to include regulated crypto trading alongside existing custody, transfer, and staking services.

Institutional clients can now access an over-the-counter (OTC) trading desk and multiple liquidity venues, positioning BitGo to better serve Europe’s growing digital asset market.

How Germany Leads Europe’s Crypto Adoption Surge

Europe’s cryptocurrency sector is on track to surpass $26 billion in revenue this year, with Germany emerging as the largest adopter.

Analysts point to a combination of supportive regulations under MiCA, increased collaboration between traditional financial institutions and crypto-native firms, and deals that may accelerate market consolidation as key drivers.

BitGo’s expanded licence comes as institutional interest in digital assets grows, fuelled by improved infrastructure and the rising legitimacy of crypto exchange-traded products (ETPs).

Institutional Appetite Grows Amid Clearer Rules

Institutional engagement in crypto continues to rise, helped by clarity in regulation across Europe and the UAE, and potential reforms in the US market.

Recent moves in the sector include the planned US launch of Bullish, a crypto exchange aimed at institutional investors, which secured a BitLicense and Money Transmission License from the New York State Department of Financial Services.

Additionally, Standard Chartered’s venture arm announced plans for a $250 million digital asset fund in 2026.

Annabelle Huang, co-founder of Altius Labs, noted that the trend shows no signs of slowing.

“The next wave of institutional crypto adoption is ongoing as fintech companies, like Robinhood and Stripe, build their own blockchains.”

BitGo Targets European Investors With Expanded Services

Operating out of Frankfurt, BitGo Europe will now offer regulated trading services for thousands of digital assets and stablecoins through both its OTC desk and high-performance electronic trading platform.

The company also provides access to top-tier liquidity sources, allowing investors to trade with competitive pricing and efficient execution.

With this move, BitGo joins firms like Coinbase and Kraken in providing comprehensive custody, staking, and trading services across the EU.

Harald Patt, Managing Director of BitGo Europe GmbH, said,

“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 reflects our commitment to security, transparency, and trust.”

IPO Interest Intensifies as Firms Eye US Markets

BitGo has also filed confidentially for a US listing, joining other crypto firms seeking to capitalise on the market’s strong momentum.

The digital asset sector has surged to an estimated $4 trillion in market value, prompting renewed interest in initial public offerings.

Matt Kennedy, senior strategist at Renaissance Capital, commented,

“These startups know that the IPO window can shut unexpectedly, especially in a volatile space like crypto, so they’re looking to strike while the iron’s hot.”

Established over a decade ago, BitGo has built a strong client base and achieved stable growth.

In mid-2023, the firm raised $100 million, reaching a valuation of $1.75 billion.

Other crypto players, including Grayscale and Gemini, are also exploring public listings, reflecting a broader trend of maturation in the sector.

Global Regulatory Compliance Remains Central to Expansion

BitGo maintains registrations beyond Germany, including Italy, Spain, Poland, and Greece, and holds a Major Payment Institution licence from the Monetary Authority of Singapore.

In South Korea, rather than pursuing a local licence, BitGo partnered with SK Telecom and Hana Financial, granting the regional giants major stakes in BitGo Korea.

These regulatory and operational expansions reinforce BitGo’s strategy of providing secure, regulated digital asset services to institutional clients worldwide, amid a wave of growing interest and market activity.