BitGo Secures BaFin Approval for Regulated Crypto Trading Expansion

BitGo received approval from Germany’s BaFin to expand into regulated crypto trading.
The license allows BitGo Europe to offer over-the-counter and electronic trading platforms for digital assets and stablecoins.
This expansion includes a partnership with Copper for an "in-custody" trading network, enabling trading within a regulated custody environment.
BitGo's new services build on its existing MiCA license, adding trading to custody, staking, and transfer offerings.
Institutions can access market liquidity through BitGo’s platform, integrating with MiCA-compliant cold storage.
The move aims to simplify processes for European pension funds and asset managers by consolidating trading and custody within one regulated system.