BitGo, a US-based crypto custodian, has secured a license under the EU's Markets in Crypto Assets (MiCA) directive, becoming one of the first non-EU firms to achieve this milestone. The license, granted by Germany's Federal Financial Supervisory Authority (BaFin), allows BitGo to broaden its digital assets service offerings across the European Union.

BitGo established its EU subsidiary in Frankfurt in 2023 and has since obtained registration in Italy, Spain, Poland, and Greece. The MiCA directive, launched by the EU in 2024, aims to regulate the rapidly expanding digital assets and cryptocurrency market. Crypto firms operating in Europe have until June 2026 to comply with MiCA regulations.

Harald Patt, managing director of BitGo Europe GmbH, stated that regulatory compliance is central to their business as a global leader in digital asset infrastructure. He expressed pride in receiving the MiCA license from BaFin and looks forward to supporting the continued growth of crypto adoption in Europe. Patt emphasized that the license demonstrates BitGo's commitment to maintaining the highest standards of security, transparency, and trust.