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BitGo obtains MiCA license in Germany: A major turning point
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BitGo, a cryptocurrency custody company backed by Goldman Sachs, has just received important approval to operate across the European Union. The Federal Financial Supervisory Authority of Germany (BaFin) has granted the Electronic Money Assets Market license (MiCA) to BitGo Europe on May 12.
This license allows BitGo to provide services for both cryptocurrency companies and traditional financial institutions, including banks and asset management in the EU. Harald Patt, CEO of BitGo Europe, emphasized the organization's commitment to security, transparency, and trust.
BitGo, founded in 2013 in Palo Alto, California, is a major platform in the cryptocurrency industry specializing in cryptocurrency custody services. The company established its EU headquarters in Frankfurt in 2023 and has registered operations in several EU countries such as Italy, Spain, Poland, and Greece.
With the MiCA license, BitGo can now operate across the EU under a unified legal framework. Although it has not disclosed details about the services that will be rolled out immediately, BitGo is expanding its product portfolio to provide cryptocurrency solutions for institutions.
At the time the license was announced, official data from BaFin had not recognized BitGo's MiCA license, only displaying previous registrations. Germany has emerged as an important country for European businesses seeking MiCA registration, with many companies having received BaFin licenses since 2025.
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