Posted 11/1/2023, 12:32:34 PM
BitGo Secures Key German License to Offer Crypto Custody Services
- BitGo wins BaFin license to provide crypto custody services in Germany
- BitGo originally announced German and Swiss entities in February 2020
- BitGo's German subsidiary began offering custody services in 2019 under BaFin
- License secures BitGo's presence in Europe per managing director
- BaFin seen as a key trendsetter in crypto regulation
- BitGo raised $100M in Series C round in August 2022, now valued at $1.75B
- Comes as Germany sees growing crypto adoption per Chainalysis report