Digital asset custodian BitGo has received regulatory authorization from Germany’s Federal Financial Supervisory Authority (BaFIN), enabling the firm to offer regulated cryptocurrency custody and trading services throughout the country. This milestone strengthens BitGo’s foothold in the European market and underscores its commitment to operating within robust compliance frameworks.
The approval allows BitGo to provide institutional and retail clients in Germany with secure, fully compliant access to digital asset trading, reinforcing the nation’s position as a leading jurisdiction for crypto regulation. The German market is recognized for its stringent standards, and BitGo’s successful application reflects its operational rigor and alignment with European regulatory expectations.
This development arrives amid significant growth in Europe’s digital assets sector, which is projected to reach approximately $26 billion in revenue this year. BitGo’s expansion introduces additional competition in a rapidly maturing landscape, where established regulatory clarity attracts both enterprises and investors. The company’s BaFIN license not only enhances its service offerings but also contributes to the professionalization and legitimacy of the broader cryptocurrency industry in Europe.
