BitGo Secures BaFin Approval for Regulated Crypto Trading in Europe
BitGo Europe GmbH Expands Services in Germany
- BitGo Europe GmbH, a subsidiary of Bitcoin, has received approval from Germany's BaFin to extend its license for regulated crypto trading services.
- The company will operate these services from Frankfurt, offering both Over-the-Counter (OTC) trading and an electronic trading platform for digital assets and stablecoins.
- Institutional investors in Europe can access BitGo's crypto OTC trading desk and electronic trading platform, enabling spot trading across numerous digital assets and stablecoins.
- Investors will have access to liquidity sources including top-tier market makers and exchanges for competitive pricing and quality execution.
- BitGo joins other firms like Coinbase and Kraken in providing custody, staking, and trading services in Europe.
Broader Compliance Efforts by BitGo in the EU
- BitGo received the MiCA license from BaFin in May, allowing it to offer regulated digital asset services across the EU.
- The firm's commitment to compliance is emphasized by its Managing Director, Harald Patt, highlighting their dedication to security, transparency, and trust.
- BitGo holds registrations in Italy, Spain, Poland, and Greece, and has a Major Payment Institution license from Singapore's MAS.
- In South Korea, instead of acquiring a license, BitGo partnered with SK Telecom and Hana Financial, making them major shareholders in BitGo Korea.
For more information on specific digital assets, visit here, here, and here.