BitGo Europe GmbH, the Frankfurt-based subsidiary of digital asset custodian BitGo, has received approval from Germany's Federal Financial Supervisory Authority (BaFin) to extend its license to offer regulated crypto trading services across the European Union. The license extension, announced in September 2025, allows BitGo to provide both Over-the-Counter (OTC) trading and electronic trading platform services for thousands of digital assets and stablecoins.
The expansion builds upon BitGo's existing BaFin license granted in November 2023, which permitted regulated custody services for digital assets. Combined with the firm's Markets in Crypto-Assets (MiCA) license obtained from BaFin in May 2025, BitGo can now offer institutional clients a fully integrated platform for trading, storing, and managing digital assets under complete regulatory compliance.
BitGo's new trading services will be headquartered in Frankfurt, Germany, and will provide institutional investors with access to competitive pricing and quality execution through top-tier liquidity sources including market makers and exchanges. Brett Reeves, Head of European Sales and Go Network at BitGo, stated: "We are thrilled to bolster our European platform and enable our clients to trade seamlessly, competitively, and confidently. By combining our institutional-grade custody solution with seamless, high-performance execution, clients will now be able to access deep liquidity with the peace of mind that their assets will remain in cold storage under MiCA-compliant, regulated custody."
The expansion positions BitGo Europe alongside integrated competitors like Coinbase and Kraken in offering a comprehensive suite of regulated services—including custody, staking, and trading—under a single platform. Beyond Germany, BitGo holds registrations in several other European countries including Italy, Spain, Poland, and Greece, and maintains a Major Payment Institution license from the Monetary Authority of Singapore.