--- title: "BitGo Opens Fast Track to MiCA Compliance for Crypto Firms" date: 2026-06-17 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/06/bitgo-opens-fast-track-to-mica-compliance.jpg" categories: - name: "Compliance" url: "/compliance.md" tags: - name: "News" url: "/tag/news.md" --- # BitGo Opens Fast Track to MiCA Compliance for Crypto Firms BitGo is offering crypto firms a faster route to meet Europe’s MiCA requirements as the bloc’s final compliance deadline approaches on July 1. ## Key Takeaways - BitGo is offering MiCA compliant infrastructure to crypto firms that have not yet secured authorization in Europe. - The company says businesses can continue serving clients through its regulated platform while pursuing their own licenses. - Industry estimates suggest that around 75% of pre MiCA registered crypto firms could lose their registration status as transition periods expire. - BitGo believes its licensed infrastructure can help firms avoid disruptions as Europe moves to a unified regulatory framework. ## What Happened? With the European Union’s **Markets in Crypto Assets Regulation** entering its final phase, crypto companies are facing increasing pressure to secure authorization before the July 1 deadline. BitGo is positioning itself as a compliance partner for firms that are still awaiting approval or do not want to build their own regulated infrastructure. The company says firms can integrate with **BitGo Europe’s licensed platform** and continue operating within a **MiCA compliant framework** while maintaining direct relationships with their customers. > After July 1, firms without authorization can’t keep serving EU clients. Users shouldn’t be left scrambling because a platform is still waiting on approval. > > BitGo Europe is already MiCA-licensed through BaFin and built to support regulated custody, transfer, staking, and trading… > > — Mike Belshe (@mikebelshe) [June 16, 2026](https://x.com/mikebelshe/status/2066940674893922604?ref_src=twsrc%5Etfw) ## BitGo Sees Opportunity as MiCA Deadline Approaches As the countdown to [Europe’s MiCA compliance](https://coinlaw.io/eu-mica-regulations-statistics/) deadline enters its final weeks, BitGo is making a strong push to attract crypto firms that risk losing access to EU customers. BitGo chief executive **Mike Belshe** recently encouraged firms awaiting regulatory approval to use the company’s German licensed infrastructure rather than face potential disruptions once the transition period expires. In a post on X, Belshe warned that firms without authorization will not be able to continue serving EU clients after July 1. He argued that users should not be left searching for alternatives simply because a platform remains stuck in the licensing process. The deadline marks the end of the transition period that allowed many crypto businesses to operate under existing national registration frameworks. Once the grace period ends, firms must hold a **MiCA authorization** to provide services across the European Union. ## How BitGo’s Compliance Model Works? According to [BitGo](https://coinlaw.io/bitgo-statistics/), companies that already conduct the necessary [know your customer checks](https://coinlaw.io/kyc-compliance-in-crypto-statistics/) can onboard clients into MiCA compliant sub accounts through BitGo’s infrastructure. Belshe explained that firms can continue managing customer support, products, and client relationships while relying on BitGo for regulated custody and storage services. Belshe said: “ All of your clients can be onboarded and have sub-accounts inside of BitGo. 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. Mike BelsheCEO – BitGo The company also said eligible firms can continue pursuing their own **Crypto Asset Service Provider** licenses while simultaneously using BitGo Europe’s infrastructure. ## BitGo Expands Its European Footprint [BitGo Europe GmbH received its MiCA license](https://coinlaw.io/bitgo-mica-regulated-trading-europe/) from Germany’s financial regulator BaFin on May 12, 2025. The authorization can be passported across the European Union and European Economic Area, giving the company access to 30 countries. In March 2026, BitGo expanded its Crypto as a Service platform across all EEA markets. The platform offers services including **custody**, **asset transfers**, **trading infrastructure**, **staking**, and **fiat payment integration** through application programming interfaces designed for banks and fintech firms. The company also provides custody insurance coverage of up to **$250 million** and has already onboarded firms such as **21bitcoin** for regulated custody services in Europe. Belshe summed up the company’s broader vision by stating: “**Europe needs crypto access on regulated rails. That’s what BitGo has been building.**” ## MiCA Could Reshape Europe’s Crypto Industry The new regulatory framework is expected to significantly reduce the number of active crypto firms operating in Europe. Industry estimates indicate there were more than **3,000 registered crypto firms** across Europe in 2024, including over **1,400 registrations in Poland** alone. However, according to figures cited by law firm **Hogan Lovells**, only **194 authorized CASPs**, including credit institutions, existed as of May 2026. The firm estimates that roughly **75% of businesses operating under pre-MiCA registrations** may lose their status as national transition periods expire. For many companies, building a fully compliant operational framework from the ground up involves substantial spending on legal expertise, governance systems, compliance processes, and technology infrastructure. BitGo is betting that renting regulated infrastructure will prove to be a more practical and cost effective solution. ## CoinLaw’s Takeaway In my experience, regulatory transitions often create winners and losers, and MiCA appears set to do exactly that. While many crypto firms have spent years operating under fragmented national rules, Europe is now moving toward a single framework that raises the compliance bar significantly. I found BitGo’s strategy particularly interesting because it transforms regulation from a challenge into a business opportunity. If a large portion of firms fail to secure authorization before the deadline, demand for ready made compliant infrastructure could increase rapidly, placing companies like BitGo in a strong position within Europe’s evolving crypto market. Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining. [Read more](https://coinlaw.io/glossary/staking/)