Crypto parent authority provider Bitgo said the secured approval of Germany’s financial regulator, Bafin, to expand to regulated crypto trade.
The license extension allows Frankfurt-based Bitgo Europe to offer both trading without a prescription and an electronic trading platform for thousands of digital assets and stablecoins, the company said in a press release on Wednesday.
Earlier this year, Bitgo agreed with custody specialist copper on an expanded “defense” Trade Network aimed at boarding larger exchanges so that assets can be traded while held within a regulated custody of the environment. Crypto exchanges Coinbase and Kraken also offer trading platforms and custody in the region.
The approval is based on Bitgo’s May 2025 markets in the Crypto-Ass (MICA) license, adding trade to its existing custody, stacking and transfer services. Institutions can now buy liquidity from market manufacturers and exchanges through Bitgo’s platform, with custody services tied to the company’s glitter-compatible cold storage.
For a European pension fund or asset manager who weighs an entry into crypto, the shift could reduce friction. Instead of opening separate accounts with multiple exchanges and custodians, they could shop and run within Bitgo’s regulated system while holding assets safely in cold storage.
“Institutions need deep liquidity and reliable execution, but they also need insurance on regulatory supervision,” said Brett Reeves, Bitgo’s head of European sales. “We aim to deliver both one place.”
