BitGo Secures Key German License Extension, Expanding Crypto Services Across Europe

BitGo has announced that Germany’s Federal Financial Supervisory Authority (BaFin) has extended its operating license. The move allows the company’s subsidiary, BitGo Europe, to broaden its crypto services for investors across the continent.

With this extension, BitGo can now offer custody, staking, transfer, and trading services to European institutional clients. The firm also revealed plans to provide access to an over-the-counter (OTC) trading desk and multiple liquidity venues, strengthening its position as a one-stop shop for professional investors seeking secure and regulated crypto exposure.

BitGo Expansion Builds on MiCA Milestone

The new approval builds on BitGo’s earlier success under the Markets-in-Crypto-Assets (MiCA) framework. In May 2025, the company received its initial MiCA license, which authorized custody, transfer, and staking services for both traditional financial institutions and crypto-native companies across the European Union. The latest extension adds trading to that list, marking a significant step toward integrating digital assets into Europe’s financial mainstream.

Industry analysts point to a rapidly growing market. According to Statista, cryptocurrency revenue in Europe is expected to reach $26 billion this year, with Germany leading adoption. Supportive regulations, like the MiCA framework, and closer collaboration between established banks and emerging blockchain companies are creating fertile ground for expansion and potential consolidation.

Institutional Appetite on the Rise

Institutional interest in cryptocurrency has surged as infrastructure matures and crypto ETPs gain traction, lending credibility to the sector. Regulatory clarity in regions such as Europe and the United Arab Emirates is further encouraging participation, while the United States continues to debate its own market structure bill.

Other major players are also making moves. Crypto exchange Bullish recently prepared for a U.S. launch after securing a BitLicense and Money Transmission License from the New York State Department of Financial Services. Meanwhile, Standard Chartered’s venture arm announced plans for a $250 million digital asset fund set to debut in 2026.

Annabelle Huang, co-founder of Altius Labs, noted that the next wave of institutional crypto adoption is already underway as fintech firms like Robinhood and Stripe develop their own blockchains. For BitGo, the BaFin license extension not only strengthens its foothold in Europe but also signals growing confidence in regulated digital asset services—a sign that cryptocurrency is moving steadily into the global financial mainstream.