BitGo offers MiCA compliance lifeline to EU crypto firms as license deadline looms

BaFin-regulated BitGo says its Crypto-as-a-Service platform can help eligible crypto players across Europe an alternative way to navigate MiCA.

BitGo offers MiCA compliance lifeline to EU crypto firms as license deadline looms

Finance

BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms

BaFin-regulated BitGo says its Crypto-as-a-Service platform can help eligible crypto players across Europe with an alternative way to navigate MiCA.

By

Ian Allison

|

Edited by

Omkar Godbole

Updated

Jun 17, 2026, 7:09 a.m.

Published

Jun 17, 2026, 6:34 a.m.

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CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023 (Shutterstock/CoinDesk)

Summary

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The final deadline for crypto firms to have transitioned to the MiCA regime is the end of this month.

BitGo CEO Mike Belshe said firms that have done necessary KYC on clients can easily onboard them to MiCA-compliant sub-accounts inside of BitGo.

As the deadline looms for crypto companies to obtain licenses in Europe, BitGo (BTGO) is offering firms an easier transition to Markets in Crypto Assets (MiCA) compliance, the listed technology firm said on Wednesday.

BitGo Europe, which is authorized by the German regulator BaFin, says its Crypto-as-a-Service platform provides crypto players across Europe an alternative way to navigate MiCA, rather than the burden of building a standalone regulated crypto operating stack from the ground up, according to a press release.

BitGo CEO Mike Belshe said that if a firm is running wallets and does not have a MiCA license, they can sign up with BitGo and easily integrate their wallets into BitGo wallets, with the proviso that certain know-your-customer (KYC) work aligned with MiCA would have to be done.

“All of your clients can be onboarded and have sub-accounts inside of BitGo,” Belshe said in an interview. “Now, they are your clients: you help them with support, you help them with all of the products, you do all that stuff, we don't do any of that. But they are now in segregated safe storage that's MICA-compliant. You can now go about your business.”

Eligible businesses may also continue to evaluate or pursue their own MiCA-focused crypto asset service provider (CASP) licenses in parallel while integrating BitGo Europe’s infrastructure, BitGo said.

The final deadline for crypto firms to have transitioned to the MiCA regime is the end of this month, a regulatory reckoning that will force some firms to close down their businesses.

Industry estimates suggest that Europe had more than 3,000 registered crypto firms as of 2024, with Poland alone accounting for over 1,400 registrations. As of May 2026, there are 194 authorised CASPs (including credit institutions) and it is expected that around 75% of the pre-MiCA population will lose registration status as transitional periods expire,

according to law firm Hogan Lovells.

Belshe said firms don’t need to go bust because of MiCA's regulatory requirements, adding that regulators are aware of BitGo’s compliance-enhancing infrastructure offering. In terms of fees for the crypto compliance service, Belshe said it’s relatively cheap and varies product by product.

“There's some amount of monthly minimum that you pay similar to what's always been there. That's a couple of $1,000 a month type of thing that can scale with volume,” he said. “Then clients can either go to variable-based plans, where they're paying per transaction more, or they can use static-based plans, where they have kind of a fixed fee, and they pay less.”

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In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters

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In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

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