BitGo has received a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin) for its subsidiary, BitGo Europe GmbH.

This approval allows the company to offer digital asset services across the European Union.

The license enables BitGo to support a broader range of clients in the EU, including both crypto-native businesses and traditional financial institutions such as banks and investment managers, as they engage with the digital asset sector.

Harald Patt, Managing Director of BitGo Europe GmbH, said:

“We are proud to receive our MiCA license from BaFin, establishing our foothold in the European Union. This license underscores our commitment to meeting the highest regulatory standards while fostering trust and innovation in the digital asset space. We are excited to support the continued growth of crypto adoption in Europe.”

The introduction of MiCA has led to increased regulatory activity and innovation within the European digital asset industry, covering areas such as staking and stablecoins.

BitGo has stated its intention to continue contributing to this development by offering secure and compliant infrastructure for institutional clients in the region.

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