BitGo Expands European Crypto Services with BaFin Approval

BitGo has secured regulatory approval from Germany's BaFin to expand its cryptocurrency services in Europe through its local subsidiary, BitGo Europe. The license extension under the Markets-in-Crypto-Assets (MiCA) framework now includes trading, custody, staking, and transfer services. Institutional clients will gain access to an over-the-counter trading desk and multiple liquidity venues.

Europe's crypto revenue is projected to exceed $26 billion by 2025, with Germany leading adoption. Regulatory clarity, institutional infrastructure growth, and consolidation opportunities are driving market momentum. The launch of crypto ETPs and progressive frameworks like MiCA are accelerating institutional participation.

Global institutional interest continues to rise, underscored by Bullish exchange's upcoming U.S. debut after securing New York regulatory licenses. Traditional financial players like Standard Chartered are also deepening their crypto market involvement.