Cryptocurrency custody firm BitGo is entering tighter regulation in Europe as exchanges race to maintain access ahead of the deadline for key licenses.

BitGo Europe has launched a cryptocurrency-as-a-service platform aimed at meeting the requirements of the European Union’s Markets in Cryptocurrency Regulation (MiCA), the company said in a statement shared with Cointelegraph on Wednesday.

BitGo CEO Mike Belshe he said companies should not leave users waiting when licensing delays, arguing that regulated infrastructure can keep platforms energetic in the meantime.

“We can help you stay safe and compliant,” he said.

The launch comes as the EU’s July 1 MiCA deadline approaches, requiring crypto firms to obtain authorization to continue serving customers across the EU. Reports on Tuesday suggested that Greek regulators may reject Binance’s application for a MiCA license, adding uncertainty to the EU’s regulatory status of the world’s largest cryptocurrency exchange by trading volume.

BitGo targets exchanges using MiCA-ready tools

The launch of the MiCA service by BitGo Europe comes more than a year after the company obtained authorization on this platform. German Federal Financial Supervisory Authority (BaFin) released permit in May 2025

The BitGo platform enables exchanges and fintech companies to connect to regulated depository, trading, onboarding and wallet systems via APIs. Instead of building full compliance systems in-house, crypto service providers can plug into BitGo’s infrastructure while maintaining control over their customer-facing products.

Source: Mike Belshe

The system includes tools for programmatic Know Your Customer (KYC) control, transaction control and settlement of supported digital assets. BitGo also supports euro payments via the Single Euro Payments Area (SEPA) rails in eligible regions, allowing fiat entry and exit in a regulated setup.

Replacement pressure increases as the transition to MiCA tightens

BitGo has not said whether its infrastructure could support companies like Binance continue operating in the EU if regulators ultimately reject the license.

Cointelegraph reached out to BitGo for clarification but did not receive a response by press time.

The company said the change was particularly urgent in markets such as Poland and Lithuania, where older national registration systems are being phased out under the novel system.

Related: The Polish president will veto the cryptocurrency bill for the third time before the MiCA deadline

In Lithuania, the transition period for existing virtual asset service providers ended on December 31, 2025. In Poland, the implementation issue remains unresolved, increasing uncertainty for companies still operating under national authorizations after the entry into force of the EU-wide framework.

“We believe that Europe is moving towards a more harmonized and durable regulatory framework for digital assets,” said CEO Belshe. “BitGo was built for moments like this […] With BitGo Europe, we give companies the opportunity to meet the MiCA standard while still confidently serving the market.

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