BitGo announces the launch of cryptocurrency services in Europe

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Deep Tide TechFlow News, on March 3rd, according to Crowdfundinsider, cryptocurrency custody service provider BitGo announced that it is offering “Cryptocurrency as a Service” (CaaS) in the European Economic Area (EEA) through its European subsidiary BitGo Europe GmbH. The company had already obtained a MiCA license issued by the German Federal Financial Supervisory Authority (BaFin) a year ago.

Founded in 2013, BitGo has long provided digital asset security, custody, and liquidity services to institutions, currently serving over 2,000 clients in more than 90 countries. Earlier this year, BitGo went public on the New York Stock Exchange (ticker: BTGO), with a market cap of approximately $1.2 billion. BitGo Bank & Trust is the first federally chartered digital asset trust bank owned by a publicly traded company.

BitGo CEO and co-founder Mike Belshe said, “We are entering a new era of regulated cryptocurrencies. Expanding CaaS in Europe will accelerate the market launch of crypto products without compromising security and resilience.”

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