BitGo has received a coveted Markets in Crypto-Asset Regulation (MiCA) license in Germany, paving the way for expanded crypto services across the entire European Union. This milestone enables BitGo to offer regulated digital asset services to all EU nations. The German Federal Financial Supervisory Authority (BaFin) awarded the license, joining other prominent brokers already holding MiCA licenses such as Crypto.com, Bitpanda, and OKX. These companies were among the pioneers in securing the license due to their prior compliance with EU regulations. BitGo notes that banks and financial institutions have been slower to gain a MiCA license for crypto activities, offering a clear advantage to native cryptocurrency companies. This new license benefits BitGo Europe GmbH, founded in Frankfurt in 2023, which has become its headquarters. Germany boasts high crypto adoption rates and stringent regulations for illegal crypto activities, making it a favorable jurisdiction for the expansion of cryptocurrency services.