Crypto custody firm BitGo has received its MiCA license from Germany’s BaFin (Federal Financial Supervisory Authority), which allows the company to offer regulated digital asset services across the EU region, according to a BitGo press release.
The company has already registered with several member states such as Italy, Spain, Greece, and Poland. BitGo can now operate in the EU under a consolidated framework with the latest addition of licensing.
“As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business,” said BitGo Europe’s Managing Director, Harald Patt.
“We are proud to receive our MiCA license from BaFin, and look forward to supporting the continued growth of crypto adoption in Europe. This license underscores our commitment to the highest standards of security, transparency, and trust.”
“BitGo has received a MiCA license from BaFin, marking a significant milestone in our European expansion,” BitGo posted on X on 12 May 2025.
Headquartered in Palo Alto, California, BitGo is a digital asset trust and custody company created by founders Mike Belshe and Ben Davenport. In December 2024, BitGo was selected by FTX Trading Ltd to assist with the recovery process to compensate retail and institutional investors, two years after the company declared bankruptcy.