BitGo Expands European Crypto Trading with BaFin License Extension
BitGo Expands European Crypto Trading with BaFin License Extension
BitGo, a prominent digital asset infrastructure company, has recently marked a significant milestone by securing an extension to its existing license from Germany’s Federal Financial Supervisory Authority (BaFin). This pivotal approval, granted to its subsidiary BitGo Europe GmbH, is set to revolutionize the landscape of crypto trading services for institutional investors across Europe, with operations strategically based out of Frankfurt, Germany. This recent development significantly broadens BitGo’s service portfolio, empowering European institutional investors with sophisticated tools for navigating the digital asset markets. Specifically, the extension permits the company to offer regulated crypto trading services, which include an over-the-counter (OTC) trading desk and a robust electronic trading platform. These platforms are designed to facilitate spot trading across an extensive array of digital assets and stablecoins, numbering in the thousands. A key advantage for investors …