BitGo Wins BaFin Approval to Launch Regulated Crypto Trading in Europe
BitGo has received approval from Germany’s regulator BaFin to expand into regulated crypto trading through its Frankfurt-based unit. The new license allows BitGo Europe to offer OTC and electronic trading for thousands of digital assets, building on its earlier MiCA license that covered custody, staking, and transfers. With trading now tied directly to its regulated cold storage, institutions such as pension funds and asset managers can trade and settle within BitGo’s system without needing multiple exchange or custodian accounts. This move follows BitGo’s partnership with Copper on an in-custody trading network and positions the firm alongside Coinbase and Kraken, who also combine custody and trading in Europe. BitGo says the goal is to give institutions both liquidity and regulatory assurance under one roof.