BitGo Europe GmbH has launched its crypto-as-a-service offering across the European Economic Area, enabling fintechs and banks to integrate regulated crypto storage, trading and fiat within the EU markets in Crypto-Assets (MiCA).
According to Tuesday’s announcement, the expansion will make BitGo’s API infrastructure available in all 30 EEA countries, allowing institutions to host wallets, services and settlements directly on their platforms. The service includes multi-wallets and the Single Euro Payments Area (SEPA).
BitGo said the storage wallets are insured up to $250 million under the terms and have adjustable policy controls and 24/7 operational support. The platform supports the purchase, sale and storage of Bitcoin (BTC) and other supported digital assets in an existing partner interface with settlement through the BitGo infrastructure.
The offering 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 storage, wallets, staking, trading, funding, stablecoins and settlement services to institutional clients worldwide. The company went public on January 22 and traded on the New York Stock Exchange under the ticker BTGO.
At the time of writing, BitGo shares were down about 1.6% on Tuesday and about 20% after reaching $10.20, according to Yahoo Finance.
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Storage infrastructure is expanding in Europe
The move reflects the wider growth of regulated storage infrastructure across Europe since the implementation of MICA, as financial institutions formalize digital asset services under the EU’s licensing regime. Several banks have chosen to work with specialized cryptographic companies rather than building in-house storage systems.
In July, Deutsche Bank moved into crypto holdings by partnering with technology division Bitpanda and Swiss digital asset infrastructure provider Taurus.
Spain’s BBVA said in September that it would rely on Ripple’s institutional custody platform to support Bitcoin and Ether (ETH) trading and custody services, citing MiCA compliance.
At the market infrastructure level, Clearstream, part of Deutsche Börse, said it offers Bitcoin and Ether storage and settlement to institutional clients through its Swiss subsidiary Crypto Finance AG.
Others have chosen to structure maintenance services through European licensing agencies. In January, Standard Chartered announced that it would begin holding digital assets directly in Europe after obtaining a license in Luxembourg and establishing a special EU entity to provide the service.
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