BitGo, a digital asset infrastructure company with more than $ 100 billion in possessions under caution, has received An extension of its license from Germany’s Federal Financial Supervisory Authority (BAFIN), which provides to offer crypto services to European investors.
The company said its local subsidiary, BitGo Europe, can now provide caution, staking, move, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and many areas of liquidity.
Extension constitutes Bitgo’s previous Market-in-Crypto-Assets (MICA) The license, also issued by Bafin, and adds trading to existing careful services, shifts and stakes. Bitgo MICA’s preliminary license was obtained this May 2025That allows it to offer some services to traditional institutions and native crypto companies in the European Union.
Statesman Projects Cryptocurrency revenue in Europe is up to $ 26 billion this year, with Germany the leading adoption of the region.
Tailwinds for the market include support for regulatory frameworks such as MICA, increased interaction between native crypto companies and traditional financial institutions and deals that may have integration.
Related: The BitGo Backs Central Asia’s First Spot Bitcoin ETF in Kazakhstan
Institution’s interest in crypto rises
The interest of the crypto institution has increased in recent years as the infrastructure has evolved and products exchanged by the crypto exchange (ETP), which drive credibility in the sector.
Followed by regulations for crypto assets in areas such as Europe and the United Arab Emirateswith the United States The weighing of its market structure bill.
Wednesday’s movers in the crypto institutional space are bullish, a crypto exchange that fits into institutions. It has prepared the way for a US debut after Nesecuring a bitlicense and money delivery license From the New York State Department of Financial Services. On Tuesday, the Arm of the Standard Chartered Venture Capital revealed plans To launch a $ 250 million digital asset fund in 2026.
Annabelle Huang, co-founder of Altius Labs, told Cointelegraph that the Next wave of adoption of institutional crypto continues As Fintech companies, such as Robinhood and Stripe, have developed their own blockchains.
Magazine: Signs of danger for Bitcoin as retail let it go to institutions – Sky Wee
