BitGo Targets MiCA Transition Crunch Facing Crypto Firms

TLDR

• BitGo launched a MiCA-compliant infrastructure solution through its regulated European entity.
• The service allows crypto firms to integrate compliant custody and wallet operations without building their own stack.
• BitGo Europe operates under authorization from Germany’s financial regulator, BaFin.
• Firms can continue pursuing their own CASP licenses while using BitGo’s infrastructure.
• The final MiCA transition deadline for crypto companies across Europe arrives at the end of June.

Crypto firms across Europe face a fast-approaching deadline to comply with the Markets in Crypto-Assets (MiCA) framework. BitGo said its regulated infrastructure can help firms continue operating without building their own compliant systems. The company launched the offering through its European unit, which holds authorization from Germany’s financial regulator.

BitGo Positions Regulated Infrastructure as Compliance Option

BitGo Europe said its Crypto-as-a-Service platform provides an alternative path for firms still preparing for MiCA compliance. The company stated that businesses can integrate regulated custody and wallet services through its existing infrastructure. As a result, firms can continue serving customers while meeting regulatory requirements.

BitGo CEO Mike Belshe said firms operating wallets without a MiCA license can connect their services to BitGo’s platform. He explained that companies must complete know-your-customer procedures that align with MiCA rules. After integration, customer assets move into regulated storage under BitGo’s framework.

Belshe said client relationships remain with the original businesses after onboarding.

The company also said businesses can pursue their own Crypto Asset Service Provider licenses during integration. Therefore, firms do not need to abandon licensing plans while using BitGo’s services. The arrangement allows companies to maintain operations during the transition period.

Deadline Nears as Thousands of Firms Face MiCA Transition

The final deadline for firms to move into the MiCA regime arrives at the end of June. After that date, companies without proper authorization may lose the ability to operate under previous registrations. Several firms across Europe remain in transitional arrangements.

Industry estimates showed that Europe had more than 3,000 registered crypto firms in 2024. Poland alone accounted for over 1,400 registrations during that period. However, the number of approved providers remains far lower under the new framework.

Law firm Hogan Lovells reported that Europe had 194 authorized CASPs, including credit institutions, by May 2026. The firm also estimated that about 75% of pre-MiCA-registered businesses could lose their registration status. Those changes will occur as national transition periods expire.

Belshe said companies do not need to shut down because of MiCA requirements. He stated that regulators are aware of BitGo’s compliance-focused infrastructure model. According to Belshe, the platform offers firms another route to remain operational.

BitGo also outlined its pricing structure for the service. Belshe said monthly minimum fees start at a few thousand dollars and can increase with volume. He added that customers may choose transaction-based pricing or fixed-fee plans depending on their business needs.

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