BitGo, a leading cryptocurrency custody provider, has launched its "Cryptocurrency as a Service" (CaaS) in the European Economic Area (EEA) through its subsidiary, BitGo Europe GmbH. This expansion follows the company's receipt of a Markets in Crypto-Assets (MiCA) license from Germany's BaFin a year ago. BitGo, which went public earlier this year on the New York Stock Exchange, aims to enhance the market launch of crypto products in Europe while maintaining security and resilience.
Founded in 2013, BitGo has been a prominent provider of secure digital asset custody and liquidity services, catering to over 2,000 institutional clients globally. The company's CEO, Mike Belshe, emphasized the importance of regulated cryptocurrency services, stating that the expansion will support the growth of crypto products in the region. BitGo Bank & Trust, a federally chartered digital asset trust bank, marks a significant milestone as the first of its kind owned by a publicly traded company.
BitGo Expands Cryptocurrency Services to European Economic Area
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