BitGo Secures BaFin License for Regulated Crypto Trading in the EU
- BitGo has received a license from Germany’s BaFin, allowing regulated cryptocurrency trading across the EU.
- The license enables BitGo Europe to offer both over-the-counter (OTC) and electronic trading of thousands of digital assets.
- This development positions BitGo alongside other licensed platforms such as Coinbase and Kraken.
- The service aims to streamline crypto asset management for European pension funds and asset managers.
- BitGo’s offerings comply with the Markets in Crypto-Assets Regulation (MiCA) and enhance security through cold wallet storage.
This licensing marks a significant step in increasing regulatory compliance within the cryptocurrency sector, providing institutions with reliable access to digital assets while ensuring safety and oversight.
With this new license, BitGo Europe can now facilitate OTC and electronic trading, enhancing liquidity options for clients managing substantial investments in digital assets.(Source)
