BitGo expands crypto-services across Europe
Leading crypto custodian BitGo has announced the expansion of its API-driven custody, payments and trading services to 30 countries in the European Economic Area (EEA). This became possible due to BitGo's products being compliant with the upcoming EU regulatory framework for crypto-assets, known as MiCA (Markets in Crypto-Assets), which will come into effect in 2024.
Now, banks, brokers and other fintech companies in Europe will be able to easily integrate licensed crypto services into their platforms and applications through API integration with BitGo's infrastructure. This will help accelerate the adoption of cryptocurrencies among traditional financial players in the European market.
According to BitGo representatives, this expansion will significantly increase the company's client base in Europe, which was previously limited to only large players. Now, access to crypto services will be easier for medium and small financial organizations.
Experts from our digital marketing and traffic arbitrage publication positively assess this move by BitGo, as it will contribute to the growth of crypto adoption in Europe and simplify the integration of digital assets into traditional financial products. Compliance with the MiCA regulations will also give customers confidence in the reliability of BitGo's services.