Crypto custody provider BitGo announced that it has received approval from Germany’s financial regulator, BaFin, to broaden its services into regulated crypto trading.
The newly acquired license permits Frankfurt-based BitGo Europe to facilitate both over-the-counter trading and an electronic trading platform for a multitude of digital assets and stablecoins, as stated in a press release from the firm on Wednesday.
Earlier this year, BitGo entered into an agreement with custody specialist Copper to enhance an “in-custody” trading network, which aims to connect major exchanges, allowing for asset trading while maintained within a regulated custody ring-fenced environment. Crypto exchanges Coinbase and Kraken also provide trading platforms and custody solutions in the area.
This approval builds upon BitGo’s Markets in Crypto-Assets (MiCA) license received in May 2025, augmenting its existing services in custody, staking, and transfers with trading functionalities. Institutions can now access liquidity from market makers and exchanges through BitGo’s platform, with custody services integrated into the firm’s MiCA-compliant cold storage.
For European pension funds or asset managers considering an entry into the crypto space, this change could minimize obstacles. Instead of setting up separate accounts with various exchanges and custodians, they can trade and settle within BitGo’s regulated framework while ensuring their assets are safe in cold storage.
“Institutions require substantial liquidity and dependable execution, but they also seek the peace of mind that comes from regulatory oversight,” remarked Brett Reeves, BitGo’s head of European sales. “We’re striving to deliver both in one platform.”
