BitGo is licensed to provide European crypto services with BaFin extension in Germany

According to Cointelegraph, digital asset infrastructure company BitGo has been licensed to expand from Germany's Federal Financial Regulatory Authority BaFin to provide crypto services to European investors. BitGo Europe, a subsidiary of BitGo, now offers custody, staking, transfer and transaction services. Institutional customers can also use OTC trading platforms and multiple liquidity venues. The expansion is based on BitGo's previous MiCA license, adding transaction services. BitGo received initial MiCA license in May 2025. Statista expects European cryptocurrency revenue to reach US$26 billion this year, with Germany leading the way. Institutional interest in cryptocurrencies has increased, infrastructure improvements and the emergence of crypto exchange-traded products have boosted the industry's credibility.