BitGo courts crypto firms awaiting MiCA approval amid Binance licensing concerns
Cointelegraph 2026-06-17 09:02:48
Context: BitGo, a crypto custody company, has launched a MiCA-compliant crypto infrastructure platform in Europe as exchanges face pressure to meet the July 1 licensing rules across the EU. The platform aims to provide regulated infrastructure for crypto firms awaiting MiCA approval, allowing them to continue operating in the region. This development comes amid uncertainty surrounding Binance's MiCA license application.
Key Facts
- BitGo Europe has launched a crypto-as-a-service platform aimed at meeting the European Union's Markets in Crypto-Assets Regulation (MiCA), providing regulated custody, trading, onboarding, and wallet systems through APIs.
- The launch comes ahead of the EU's July 1 MiCA deadline, requiring crypto companies to obtain authorization to continue serving customers across the bloc, with reports suggesting Greek regulators may reject Binance's MiCA license application.
- BitGo CEO Mike Belshe stated that companies shouldn't leave users waiting during licensing delays, arguing that regulated infrastructure can keep platforms active in the meantime, saying "We can help keep you moving safely and compliantly."
- BitGo secured authorization under the MiCA framework in May 2025, when Germany's Federal Financial Supervisory Authority (BaFin) issued the license, allowing the company to offer its services in the region.
- The platform includes tools for programmatic Know Your Customer (KYC) checks, transaction controls, and settlement of supported digital assets, as well as euro payments through Single Euro Payments Area (SEPA) rails in eligible regions.