Bitgo has continued to boost its presence in the crypto sector with back-to-back licenses from regulators and authorities of different nations. In a most recent development, it has secured a crypto custodian license in Germany.
On May 12, 2025 BitGo Europe received a market crypto assets regulation license from the financial regulators in Germany. Following this apoorval now the firm can offer its services in the wider European Union market, under a unified regulatory framework.
The license will help BitGo to offer services such as crypto custody, trading, staking, and settlement to both crypto native and traditional financial institutions.
BitGo acquired another milestone in its EU expansion journey
In its X post dated May 12, 2025, BitGo wrote, “ It has received a MiCA license from BaFin, marking a significant milestone in our European expansion.” The further reads, “ This approval extends our digital asset services across the EU—supporting both crypto-native companies and TradFi institutions, including banks and asset managers, seeking a trusted, compliant partner.”
In order to take advantage of a favorable legal climate and increased institutional interest in cryptocurrencies, BitGo is considering an initial public offering (IPO) in the second half of 2025. This action is in line with a larger trend of cryptocurrency companies, such as Circle, Kraken, and Gemini, thinking about going public.
With this development, Harald Patt, BitGo’s managing director, said, “ As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business. We are proud to receive our MiCA licence from BaFin, establishing our foothold in the European Union. This licence underscores our commitment to meeting the highest regulatory standards while fostering trust and innovation in the digital asset space. We are excited to support the continued growth of crypto adoption in Europe.”
A quick gist of BitGo
To expand its dominance, BitGo raised millions of dollars in funding and its major investors include Goldman Sachs, Craft Ventures, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners, Penatra Capital and Jump Capital including a few others.
BitGo became one of the companies to launch one a multi-signature wallet, and also holds a record of processing 20% of global Bitcoin transactions by value. The company has major partnerships and alliances with several other well-known companies.
Crypto market price updates
Over the past few trading sessions the crypto market cap has shown tremendous spikes with the market capitalization at $3.37 trillion, at the same time the trading volume has surpassed the milestone of $140 billion.
Until publishing, Bitcoin was exchanging hands above $102k at $105.521 with an intraday surge of 1.01% and a weekly addition of 3.21%. Ethereum also shows a sign of recovery, and over the last 48 hours, it has tried several times to test the resistance of $2,700.
