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BaFin Clears BitGo Europe to Offer Regulated OTC and Electronic Crypto Trading

The German approval links execution to the firm’s MiCA-compliant custody to create a single regulated venue for institutions.

Overview

  • Frankfurt-based BitGo Europe can now run OTC services and an electronic trading platform for thousands of digital assets and stablecoins across the EU.
  • The extension builds on BitGo’s May 2025 MiCA authorization, unifying trading with custody, staking, and transfers under formal EU and German oversight.
  • Institutional clients can source liquidity from market makers and exchanges while trading and settling with assets kept in regulated cold storage.
  • The rollout ties into BitGo’s expanded in-custody trading network with Copper, designed to let assets be executed without leaving ring-fenced custody.
  • The move places BitGo among integrated European providers such as Coinbase and Kraken, with the firm also holding registrations in several EU states and an MPI license in Singapore.