BitGo Wins German Approval to Start Regulated Crypto Trading in Europe

Crypto Custody Provider BitGo Expands into Regulated Crypto Trading in Germany

BitGo, a leading crypto custody provider, has announced that it has received approval from Germany’s financial regulator, BaFin, to venture into regulated crypto trading. This significant development allows BitGo Europe, based in Frankfurt, to offer a range of services including over-the-counter trading and an electronic trading platform for a wide variety of digital assets and stablecoins.

Earlier this year, BitGo partnered with custody specialist Copper to establish an “in-custody” trading network that aims to onboard major exchanges. This initiative enables assets to be traded within a regulated custody environment. Notably, industry giants such as Coinbase and Kraken also provide trading platforms and custody services in the region.

The approval from BaFin represents a major milestone for BitGo, following its acquisition of the Markets in Crypto-Assets (MiCA) license in May 2025. This extension now allows BitGo to offer trading services in addition to its existing custody, staking, and transfer solutions. Institutional clients can leverage BitGo’s platform to access liquidity from market makers and exchanges, while benefiting from the firm’s MiCA-compliant cold storage for secure asset storage.

For European pension funds and asset managers looking to enter the crypto market, BitGo’s regulated trading platform could streamline their operations. Instead of managing multiple accounts with various exchanges and custodians, clients can trade and settle transactions within BitGo’s secure ecosystem. This integrated approach enhances efficiency and security for institutional investors.

Brett Reeves, Head of European Sales at BitGo, emphasized the importance of providing institutions with deep liquidity and reliable execution while ensuring regulatory oversight. By offering a comprehensive solution that combines trading and custody services, BitGo aims to meet the evolving needs of institutional clients in the crypto space.

Overall, BitGo’s expansion into regulated crypto trading in Germany represents a significant step towards enhancing the accessibility and security of digital asset transactions for institutional investors in Europe.