BitGo receives approval from Germany’s BaFIN to offer regulated cryptocurrency trading in Europe

According to Cointelegraph, digital asset infrastructure company BitGo recently received a license renewal from Germany's Federal Financial Supervisory Authority (BaFin), enabling it to provide cryptocurrency services to European investors. The company stated that its local subsidiary, BitGoEurope, now offers custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues. This renewal expands on BitGo's previous BaFin-issued Markets in Crypto-Assets (MiCA) license, adding trading services to its existing custody, transfer, and staking services. BitGo received its initial MiCA license in May 2025, which allows it to provide specific services to traditional institutions and cryptocurrency-native companies in the EU.