The crypto market traded in a narrow range on Wednesday as investors waited for the U.S. Federal Reserve’s upcoming rate decision. Bitcoin hovered around $116,364, up about 1% in the past 24 hours. Ethereum traded slightly lower at $4,502, while XRP gained 0.4% to $3.01. Solana was flat near $235.45, and Binance Coin stood out with a 2.8% jump. Other tokens like Avalanche and Cardano showed modest moves, reflecting a cautious mood across the board.
Meme coins were mixed, with Dogecoin dipping 0.8% while Trump’s TRUMP token edged up 0.2%. With the Fed widely expected to cut rates, traders are on alert for signs that could push crypto into its next leg higher.
Against this backdrop, BitGo Europe GmbH secured a green light from Germany’s financial regulator BaFin to expand its services into regulated crypto trading. This move positions BitGo as one of the few firms in Europe offering custody, staking, and now trading under a single license, alongside competitors like Coinbase and Kraken.
From Custody to Full-Service Platform
Based in Frankfurt, BitGo Europe can now offer both over-the-counter (OTC) and electronic trading for thousands of digital assets and stablecoins. Until now, the company’s services have largely focused on custody and staking. With this license extension, institutional investors will be able to trade directly through BitGo’s regulated system while still holding their assets securely in MiCA-compliant cold storage.
This unified model reduces complexity for major investors. Pension funds, asset managers, and other institutions no longer need to maintain separate accounts with exchanges and custodians. Instead, BitGo’s system allows trading and settlement within a single regulated environment.
Building on MiCA Compliance
The new approval builds on BitGo’s earlier milestone in May 2025, when it secured a license under the EU’s Markets in Crypto-Assets (MiCA) framework. That license covered custody, staking, and transfer services. Adding trading to the mix expands BitGo’s role as a one-stop shop for institutional crypto access in Europe.
The company also struck a deal earlier this year with Copper, a digital asset custody specialist, to create an “in-custody” trading network. This initiative aims to bring major exchanges into a secure environment where assets can be traded without leaving regulated custody.
What This Means for Institutions
The approval underscores Europe’s push to make crypto safer and more accessible to large-scale investors. According to Brett Reeves, BitGo’s head of European sales, institutions need both liquidity and reliability, but just as important, they require regulatory oversight. By combining these elements, BitGo hopes to attract investors who may have been hesitant due to operational risks and regulatory uncertainty.
For Europe’s crypto market, this development could be a turning point. With one of the largest and most established custody firms now offering regulated trading, institutional adoption may accelerate. And as regulatory clarity grows, BitGo’s model could become the template for how digital assets are handled securely and efficiently across the EU.
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FAQs
BitGo Europe received BaFin approval to expand from custody and staking into regulated crypto trading, becoming a one-stop platform for institutional investors in the EU.
It allows pension funds and asset managers to trade, custody, and stake within a single regulated system, reducing complexity and enhancing security under MiCA compliance.
Regulated platforms like BitGo reduce operational risks and uncertainty, encouraging institutional participation by ensuring compliance, security, and streamlined asset management.
