BitGo Bags License to Operate Regulated Crypto Trading in Europe

Core Insights - BitGo Europe GmbH has received approval from Germany's BaFin for the extension of its license, allowing it to offer regulated crypto trading services in the region [1][2] - The trading services will be based in Frankfurt and will include Over-the-Counter (OTC) trading and an electronic trading platform for thousands of digital assets and stablecoins [2][3] - This development positions BitGo alongside other major players like Coinbase and Kraken in providing custody, staking, and trading services in Europe [4] Regulatory Compliance - BitGo has previously obtained the EU's Market in Crypto Assets (MiCA) license from BaFin in May, enabling it to offer regulated digital asset services across the EU [6] - The Managing Director of BitGo Europe GmbH emphasized the company's commitment to regulatory compliance and the importance of the MiCA license for supporting crypto adoption in Europe [7] Market Positioning - The new offerings will provide institutional investors in Europe access to a comprehensive crypto OTC trading desk and a high-performance electronic trading platform [3][4] - Investors will benefit from multiple liquidity sources, including top-tier market makers and exchanges, ensuring competitive pricing and quality execution [4] - BitGo also holds registrations in other European countries such as Italy, Spain, Poland, and Greece, as well as a Major Payment Institution license from Singapore's Monetary Authority [8]