The digital asset infrastructure company BitGo, which currently holds over $100 billion in assets under custody, has received permission from the Federal Financial Supervisory Authority of Germany (BaFin) to expand its services and provide cryptocurrency services to European investors.
The company stated that its local subsidiary, BitGo Europe, can now offer clients custody, staking, transfer, and trading services. Institutional clients can also utilize over-the-counter trading platforms and multiple liquidity platforms.
This license expansion follows BitGo's earlier acquisition of a crypto asset market (MiCA) license issued by BaFin. The new trading services have been added to the existing offerings, which include custody, transfer, and staking. BitGo obtained its initial MiCA license in May 2025, allowing it to provide specific services to traditional institutions and crypto-native companies in the EU.
According to Statista, cryptocurrency revenue in Europe is expected to reach $26 billion this year, with Germany leading the region in adoption rates.
Factors driving market development include supportive regulatory frameworks like MiCA, the deep integration of crypto-native companies with traditional financial institutions, and diversified trading that aids industry consolidation.
In recent years, as infrastructure has improved and cryptocurrency exchange-traded products (ETPs) have been launched, institutional interest in cryptocurrencies has been rising, bringing greater credibility to the field.
Subsequently, regions such as Europe and the UAE have introduced regulations related to crypto assets, and the U.S. is also reviewing its market structure legislation.
This Wednesday, Bullish, a representative in the institutional crypto space, received a BitLicense and money transmission license from the New York State Department of Financial Services, paving the way for its entry into the U.S. market. On Tuesday, the venture capital arm of Standard Chartered Bank announced plans to launch a $250 million digital asset fund in 2026.
According to Annabelle Huang, co-founder of Altius Labs, in an interview with Cointelegraph, a new wave of institutional cryptocurrency adoption is advancing as fintech companies like Robinhood and Stripe build their own blockchains.
Related: Solana shows bullish signals again, with a similar historical pattern previously triggering a 1300% surge in SOL.
Original article: “BitGo Receives Approval from BaFin to Offer Regulated Crypto Trading Services in Europe”
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