BitGo Secures MiCA License, Aims Expansion in Europe

BitGo has officially received its Markets in Crypto-Assets (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin). The announcement came on May 12, marking a major regulatory win for the California-based crypto custody firm, which has been steadily expanding its footprint across the Europe. With the MiCA license, BitGo is now authorized to provide digital asset services to clients throughout the EU, including both crypto-native startups and traditional financial institutions such as banks and asset managers. The company emphasized that this move is part of a broader mission to raise the bar for transparency, trust, and security in the digital finance space. Harald Patt, managing director of BitGo Europe, stated the license validates BitGo’s commitment to operating at the highest regulatory standards. “It’s more than just a legal checkbox,” he noted. “It’s a testament to our long-term vision for institutional-grade infrastructure in crypto.” Strategic Frankfurt Headquarters Paying Off BitGo’s success in securing the MiCA license stems from groundwork laid over the past year. The company established its European headquarters in Frankfurt in 2023, a strategic decision that allowed it to engage more closely with regulators and tap into Germany’s growing crypto ecosystem. Since then, BitGo has been gradually building its regulatory presence across Europe, receiving approvals in Italy, Spain, Poland, and Greece. While BaFin’s public registry had not yet reflected the MiCA license at the time of BitGo’s announcement, the firm remains confident in its new status and plans to leverage the unified regulatory framework to offer a “broad range of institutional-grade digital asset solutions.” Europe: A Crypto Regulatory Leader? Germany has emerged as a central hub for MiCA-related approvals in 2025, drawing companies like Bitpanda and Boerse Stuttgart Digital Custody into its regulatory fold. BitGo’s inclusion further signals Europe’s intent to shape a compliant and innovation-friendly environment for crypto businesses. Founded in 2013, BitGo has long been a trusted custodian in the digital asset space, with a strong reputation for safeguarding client funds. The post BitGo Secures MiCA License, Aims Expansion in Europe appeared first on TheCoinrise.com .

Source: The Coin Rise