Digital asset custodian BitGo has obtained regulatory approval to launch a fully compliant cryptocurrency trading service in Europe, marking a significant milestone in the firm’s global expansion strategy. The newly secured license enables BitGo to offer institutional and retail clients access to a regulated trading platform, reinforcing its commitment to operating within established legal frameworks.
This development intensifies competition in Europe’s rapidly growing digital asset sector, which is projected to reach approximately $26 billion in revenue this year according to industry analysts. BitGo’s entry into the European market provides investors with additional trusted options for cryptocurrency trading while demonstrating the region’s progressive regulatory approach toward digital assets.
The license represents a strategic advancement for BitGo’s service offerings, allowing the company to leverage its established custody expertise within a broader financial ecosystem. European cryptocurrency enthusiasts and institutional investors now gain access to BitGo’s integrated custody and trading solutions, which prioritize security and regulatory compliance.
This expansion occurs as European regulators continue to develop comprehensive frameworks for digital asset services under initiatives like MiCA (Markets in Crypto-Assets regulation). BitGo’s compliance with these evolving standards positions the company as a forward-thinking participant in Europe’s dynamic cryptocurrency landscape.
