- BitGo gains BaFin approval for regulated crypto trading.
- The move strengthens BitGo’s European service offerings.
- Signals increasing institutional trust in crypto markets.
Crypto custodian BitGo has received regulatory approval from Germany’s Federal Financial Supervisory Authority (BaFin) to offer regulated crypto trading services in the country. This significant development marks a new chapter for BitGo as it expands its European presence, positioning itself as a more comprehensive platform for institutional investors.
BaFin’s approval gives BitGo the ability to offer not just custody, but also trading services in a regulated and compliant environment. As regulatory scrutiny increases across Europe, getting a license from BaFin—the country’s top financial watchdog—adds serious credibility. This move is part of BitGo’s broader strategy to become a full-service provider for digital assets in Europe.
A Stronger Foothold in the European Market
Germany is one of the most regulated crypto markets in Europe. BaFin’s strict standards make it challenging for many companies to operate unless they meet specific compliance and operational benchmarks. BitGo’s approval, therefore, signals its readiness to meet high regulatory expectations while serving institutional clients.
The approval also reflects growing trust in established crypto firms to handle not only custody but also active trading in digital assets. With this new license, BitGo can now serve as a one-stop shop for crypto services—from safekeeping to executing trades—in one of Europe’s largest economies.
What This Means for the Crypto Industry
BitGo’s expansion into regulated trading in Germany sets a precedent for other crypto companies looking to strengthen their foothold in the EU. As the Markets in Crypto-Assets (MiCA) regulation prepares to take effect across Europe, firms with early regulatory approvals, like BitGo, will have a head start.
This development is also a signal to institutional investors that crypto markets are maturing, with reliable infrastructure and oversight becoming the norm.
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