Crypto’s custody provider, Bitgo, said he obtained the approval of the financial regulator of Germany, Bafin, to expand in the regulated cryptography trade.
The extension of the license allows Bitgo Europe, based in Frankfurt, to offer both free sale trade and an electronic negotiation platform for thousands of digital assets and Stablocoins, the firm said in a press release on Wednesday.
Earlier this year, Bitgo agreed with the Copper Custody specialist in an expanded “custody” negotiation network that aims to incorporate the main exchanges so that the assets can be negotiated while maintaining within an environment of custody regulated by custody ring. Crypto exchanges Coinbase and Kraken also offer commercial and custody platforms in the region.
The approval is based on the markets of Bitgo in May 2025 in the Crypto-Asssets (MICA) license, adding operations to its existing custody, rethinking and transfer services. Institutions can now obtain liquidity from manufacturers and market exchanges through the bitgo platform, with custody services linked to cold storage that complies with company’s MICA.
For a European pension fund or asset manager that despite a cryptography entry, change could reduce friction. Instead of opening separate accounts with multiple exchanges and custodians, they could trade and establish within the regulated Bitgo system while keeping safe assets in cold storage.
“Institutions need a deep liquidity and reliable execution, but they also need the guarantee of regulatory supervision,” Brett Reeves, Chief of European Sales of Bitgo, said. “Our goal is to provide both in one place.”
