BitGo Receives MiCA License in Germany to Operate Across Europe
Date: 2025-05-13 Author: Oliver Abernathy Categories: BUSINESS
US crypto custody company BitGo, backed by Goldman Sachs, has announced that it has received a MiCA license from the German regulator BaFin. This gives the company the right to provide digital asset services throughout the European Union.
The official announcement was made on May 12. The license allows BitGo to work with both crypto-focused clients and traditional financial institutions, including banks and asset managers.
As Harald Patt, Managing Director of BitGo Europe, noted, the license underlines the company's commitment to high standards of security, transparency, and trust.
BitGo was founded in 2013 in Palo Alto, California, and specializes in storing cryptocurrencies on behalf of clients. In 2023, the company opened BitGo Europe headquarters in Frankfurt, demonstrating its intention to strengthen its position in the European market. Since then, it has received registrations in several EU countries, including Italy, Spain, Poland, and Greece.
Now, with the MiCA license, BitGo can legally provide services in all EU countries under a single regulatory framework.
While the company has not yet disclosed the exact list of services that will be available under the new license, the statement notes that it will cover a “wide range of institutional-grade solutions” for working with digital assets.
At the time of publication, BitGo’s MiCA license information has not yet been updated in the official BaFin database, and it still only lists older registrations. Cointelegraph sent a request for additional details, but the company has not yet responded.
Germany remains one of the key hubs for MiCA licenses in Europe in 2025. In addition to BitGo, Bitpanda and Boerse Stuttgart Digital Custody have already received similar permission.
