BitGo Launches Regulated Crypto Trading for EU Institutions
•Exchanges
BitGo Expands Crypto Services in Europe with BaFin Approval
BitGo, a digital asset infrastructure company, has launched regulated trading services for European institutions after securing approval from German financial regulator BaFin. This move provides a compliant gateway for institutional investors seeking exposure to digital assets.
Key Takeaways:
- Regulatory Approval: BitGo received the green light from BaFin, Germany’s financial regulator, to offer regulated trading services.
- Institutional Platform: The new platform combines asset custody, trade execution, and aggregated liquidity.
What This Means for European Institutions
BitGo Europe stated that the platform offers crucial infrastructure for institutional participation in digital asset markets. The services are designed for institutions that require regulated access to crypto trading through a single, integrated platform.
The integrated platform approach offers several benefits:
- Streamlined Operations: Institutions can manage custody and trade execution in one place.
- Regulatory Compliance: Services adhere to European regulatory standards.
- Enhanced Liquidity: Aggregated liquidity pools aim to provide better pricing and execution.