BitGo Secures MiCA Approval: Expanding Digital Asset Services in the EU

BitGo secures MiCA approval, enabling digital asset services across the EU, strengthening its European growth strategy and expanding its institutional offerings.

Yahya Raza
May 12, 2025
8:15 pm

Yahya Raza

Syed Yahya Raza Sherzai is a crypto news writer known for his in-depth analysis and timely reporting on blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). With a keen eye for emerging trends and regulatory developments, Sherzai has established himself as a trusted voice in the cryptocurrency space.

BitGo has acquired the MiCA license, permitting it to operate digital asset services in the EU.
MiCA approval allows BitGo to serve crypto firms and traditional financial institutions in the EU.
Frankfurt becomes a key hub for crypto firms as Germany strengthens its position in the EU’s MiCA framework.

BitGo, a crypto custody firm backed by Goldman Sachs, has gained regulatory approval to operate throughout the European Union. On May 12, BitGo Europe received the Markets in Crypto-Assets Regulation (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin). The milestone allows BitGo to offer its digital asset services throughout the EU, providing a clear indication of a positive direction in its European growth strategy.

While, getting the MiCA license allows BitGo to serve crypto-centric businesses and long-established financial institutions such as banks and asset managers within the EU. After this license, BitGo can seek out further institutional clients from the region with regard to its custody services. While, the effort to enhance BitGo’s global positioning includes compliance with regulations in Europe.

BitGo has received a MiCA license from BaFin, marking a significant milestone in our European expansion.

This approval extends our digital asset services across the EU—supporting both crypto-native companies and TradFi institutions, including banks and asset managers, seeking a… pic.twitter.com/wuyf6P01kg
— BitGo (@BitGo) May 12, 2025

Expanding European Presence

The managing director for BitGo Europe, Harald Patt, reiterated BitGo Europe’s determination to hold a high standard as a key pillar of the firm. According to him, the MiCA license proves that BitGo will provide excellent security, openness, and trust.

Started in 2013 in Palo Alto, California, BitGo has grown to become an important company in the cryptocurrency industry. The company is in crypto custody, offering secure storage for virtual currency such as Bitcoin for institutional clients. This EU MiCA license is viewed as a great opportunity for BitGo to take its service area in Europe to new heights and address the rising demand for the safety of digital assets.

However, BitGo to have its European headquarters in Frankfurt in 2023 showed how the company was growing its interest in Europe. After that, firm registered itself in Italy, Spain, Poland and Greece among other countries in the EU. After acquiring MiCA license, company will be able to conduct business across the EU under a unified set of rules making compliance easier.

BitGo Expands Service Offerings

The new license’s first offerings were not detailed by the firm but the announcement stated that firm is in the process of diversifying its product range. While, the firm intends to launch a broad base of digital asset products at an institutional level to address the growing needs of European customers.

On May 12, the BaFin registry had not yet listed firm MiCA license. BaFin’s notes listed only previous entries in other EU countries. Germany is a leader for crypto companies seeking MiCA conformity, and recently, BaFin has issued licenses to Bitpanda and Stuttgart Digital Custody in 2025.