BitGo Secures MiCA Licence for EU-Wide Crypto Custody Expansion

BitGo has become one of the first non-EU companies to receive a crypto custody licence under the European Union’s new Markets in Crypto Assets (MiCA) directive. The US-based digital asset custodian was awarded the licence by Germany’s financial regulator BaFin, enabling it to expand its crypto custody services across the EU.

BitGo established its EU headquarters in Frankfurt in 2023 and has since registered in Italy, Spain, Poland, and Greece. The MiCA directive, introduced in 2024, aims to bring comprehensive regulatory oversight to the crypto sector, with firms given until June 2026 to become compliant.

Harald Patt, managing director of BitGo Europe GmbH, said the licence reflects BitGo’s commitment to regulatory standards and positions the firm to support growing crypto adoption across Europe. BitGo’s move comes as more digital asset firms race to meet MiCA’s strict requirements and build trust among institutional and retail clients.