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BitGo Secures BaFin Licence Extension for Regulated Crypto Trading Services in Europe
The Fintech Times· 2025-09-26 09:00
Core Insights - BitGo has secured an extension of its license from Germany's BaFin for its subsidiary, BitGo Europe GmbH, allowing it to expand its regulated crypto trading services in Europe [1] - The extension enables European institutional investors to access BitGo's OTC trading desk and electronic trading platform for spot trading across thousands of digital assets and stablecoins [1] Group 1: Regulatory Developments - The extension is part of the Markets in Crypto-Assets Regulation (MiCA) license that BitGo Europe first received in May 2025, now offering a comprehensive suite of regulated crypto services [2] - BitGo Europe is positioned as one of the few regulated custodians in the region, providing a cohesive platform that includes custody, trading, staking, and settlement [5] Group 2: Security and Trading Features - A key feature of the new offering is the ability for clients to trade while their assets remain in cold storage under MiCA-compliant custody, enhancing security for institutional investors [3] - The integration of high-performance execution with institutional-grade security aims to instill confidence in institutions operating in the digital asset markets [3][4] Group 3: Institutional Adoption - BitGo's launch empowers institutions to deploy capital more efficiently without compromising security, marking a significant step for Europe's digital asset ecosystem [5] - The company, founded in 2013, serves thousands of institutional clients globally, providing a range of digital asset infrastructure services [6]