BitGo Europe GmbH has launched its cryptocurrency-as-a-service offering across the European Economic Area, enabling fintechs and banks to integrate regulated cryptocurrency deposit, trading and fiat transactions within the EU’s Markets in Crypto-Assets (MiCA) framework.
According to Tuesday announcementthe expansion brings BitGo’s API-based infrastructure to all 30 EEA countries, enabling institutions to embed wallet, onboarding and settlement services directly into their platforms. The service covers multi-asset wallets and Single Euro Payments Area (SEPA) fiat rails.
BitGo says its deposit wallets are insured up to $250 million, subject to certain conditions, and include customizable policy controls and 24/7 operational support. The platform supports the buying, selling and storing of Bitcoin (BTC) and other supported digital assets within its existing partner interface, with settlement handled via BitGo’s infrastructure.
The offer was previously available in the United States through BitGo Bank & Trust and is now available in Europe through BitGo Europe GmbH, the company’s locally regulated entity.
BitGo has been operating since 2013 and provides custody, wallet, staking, trading, financing, stablecoin and settlement services to institutional clients worldwide. The company went public on January 22 and was listed on the New York Stock Exchange under the symbol BTGO.
As of this writing, BitGo shares are trading at $10.20, down about 1.6% on Tuesday and down about 20% since going public, according to Yahoo Finance data.
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Care infrastructure is expanding in Europe
The rollout reflects the broader development of regulated custody infrastructure across Europe following the implementation of MiCA, as financial institutions formalize digital asset services under the EU licensing regime. Several banks have chosen to work with specialized cryptocurrency companies rather than build deposit systems in-house.
In July, Deutsche Bank moved into cryptocurrency custody by partnering with Bitpanda’s technology unit and Swiss digital asset infrastructure provider Taurus.
Spain’s BBVA said in September that it would rely on institutional custody platform Ripple to support its Bitcoin and Ether (ETH) trading and custody services, citing MiCA compliance.
At the market infrastructure level, Clearstream, part of Deutsche Börse, said it will offer Bitcoin and Ether custody and settlement services to institutional clients through its Swiss subsidiary Crypto Finance AG.
Others have chosen to organize custody services through licensed European entities. In January, Standard Chartered announced plans to launch digital asset custody services in Europe after obtaining a license in Luxembourg, establishing a dedicated EU entity to directly provide the service.
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