BitGo, a crypto custody provider, has secured an extended license from BaFin, Germany’s financial regulator. This approval allows its subsidiary, BitGo Europe, to expand its services to include regulated crypto trading, specifically through over-the-counter and electronic trading platforms.
This new license complements BitGo’s existing services, such as custody, staking, and asset transfers, which were covered under its Markets in Crypto-Assets (MiCA) license from May 2025. With this approval, institutional clients like pension funds and asset managers can now source liquidity from exchanges and market makers directly through BitGo’s platform, while their assets remain in the company’s regulated cold storage.
The move simplifies the process for institutions looking to enter the crypto market by allowing them to trade and settle assets within a single, regulated system. This eliminates the need to manage separate accounts with multiple exchanges and custodians, as stated by Brett Reeves, BitGo’s head of European sales. This development positions BitGo as a key player in providing a secure and integrated solution for institutional crypto trading in Europe.
September 2025, Cryptoniteuae
