BitGo Wins BaFin Approval to Launch Regulated Crypto Trading in Germany
BitGo's expanded BaFin license now enables its subsidiary to provide crypto trading services, complementing its existing offerings of custody, staking, and transfer for institutional clients in Europe.
Fact Check
Multiple credible sources, including CoinDesk, Yahoo Finance, and Crypto.news, explicitly and consistently state that Germany's financial regulator, BaFin, has granted BitGo Europe approval to expand its services. This approval specifically adds regulated crypto trading to its existing custody and staking operations.
Summary
BitGo has secured an extension of its BaFin license, allowing BitGo Europe to provide crypto trading services alongside custody, staking, and transfer. Institutional clients will also have access to OTC desks and multiple liquidity venues. This expansion builds on BitGo's MiCA license granted in May 2025, which enables services to both crypto-native and traditional EU-based institutions. The move strengthens BitGo's presence in Europe's growing crypto market, projected to reach $26 billion in 2025, with Germany leading adoption.
Terms & Concepts
- BaFin: Germany’s Federal Financial Supervisory Authority, responsible for regulating banks, financial services institutions, and insurance companies, including crypto-related businesses.
- MiCA: Markets in Crypto-Assets regulation, a European Union framework that governs digital asset services such as custody, transfer, and trading.
- Custody: The safekeeping of digital assets on behalf of clients, ensuring security and regulatory compliance in storage and management.