Winning BitGo Approval from Germany Bafin to start regulated crypto trading in Europe

Crypto custody provider said Bitgo has obtained approval from Germany’s financial regulator, Bafin, to expand in regulated crypto trading.

The license extension allows Frankfurt based in BitGo Europe to offer both over-the-counter trading and an electronic trading platform for thousands of digital assets and stablecoins, the firm said on a release of Wednesday.

Earlier this year, Bitgo agreed with the copper precautionary specialist on an expanded “in-custody” trading network aimed at stabbing the major exchanges so that assets could be exchanged while being held within a regulated precautionary ring ring. Crypto Exchanges Coinbase and Kraken also offers trading platforms and regional care.

Approval builds in May 2025 BitGo market with crypto-assets (Mica) License, increasing trading to existing caution, staking and transfer of services. Institutions can now be a source of liquidity from market makers and exchange through the BitGo platform, with precautionary services tied to the cold storage of MICA that follows the company.

For a European pension fund or asset manager weighing an entry into the crypto, the shift can reduce friction. Instead of opening separate accounts with multiple exchanges and carers, they can trade and organize within the BITGO regulated system while maintaining assets safely in cold storage.

“Institutions require deep liquidity and reliable implementation, but they also need the assurance of regulatory administration,” said Brett Reeves, European sales leader. “We aim to give the same place.”