BitGo, overseen by BaFin, claims its Crypto-as-a-Service platform assists eligible crypto businesses in Europe with MiCA compliance alternatives.
By Ian Allison|Edited by Omkar GodboleUpdated Jun 17, 2026, 6:37 a.m. Published Jun 17, 2026, 6:34 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on BitGo CEO Mike Belshe speaking at Consensus 2023 (Shutterstock/CoinDesk)SummaryShow- The deadline for crypto firms to comply with MiCA is approaching at the end of this month.
- Mike Belshe, CEO of BitGo, stated that firms that have completed KYC on clients can easily onboard them into MiCA-compliant sub-accounts within BitGo.
With the deadline for European crypto businesses to secure licenses approaching, BitGo (BTGO) is facilitating a smoother transition to compliance with the Markets in Crypto Assets (MiCA) regulations, as announced on Wednesday.
BitGo Europe, which operates under the oversight of the German regulatory body BaFin, asserts that its Crypto-as-a-Service platform offers an alternative route for crypto companies in Europe to achieve MiCA compliance without the need to establish an entirely new regulated operational framework.
According to CEO Mike Belshe, firms managing wallets without a MiCA license can easily register with BitGo and integrate their wallets into BitGo’s system, provided they complete the required know-your-customer (KYC) processes aligned with MiCA.
“All of your clients can be onboarded and have sub-accounts inside of BitGo,” Belshe stated in an interview. “Now, they are your clients: you support them, provide them with products, and take care of everything. We handle the compliance, and they are stored securely in a MiCA-compliant manner. You can continue your operations.”
Eligible companies can also explore or pursue their own MiCA-focused crypto asset service provider (CASP) licenses while utilizing BitGo Europe’s infrastructure, according to BitGo.
The final deadline for crypto firms to comply with MiCA is at the end of this month, a significant regulatory shift that may force some companies to cease operations.
Current estimates indicate that there were over 3,000 registered crypto firms in Europe as of 2024, with Poland alone accounting for more than 1,400 of these registrations. By May 2026, only 194 CASPs (including credit institutions) had received authorization, leading to predictions that approximately 75% of the pre-MiCA registrants will lose their status as transitional periods end, according to Hogan Lovells.
Belshe emphasized that companies need not face bankruptcy due to MiCA's regulatory demands, noting that regulators are aware of BitGo’s compliance-supporting infrastructure. He mentioned that the fees for the compliance services are relatively affordable and vary based on the specific product.
“There’s a monthly minimum fee similar to previous structures, usually around a couple thousand dollars monthly, which can scale with volume,” he explained. “Clients can choose variable plans based on transaction volume or fixed plans with lower overall fees.”
RegulationLatest Crypto News- 1Forget the price charts. Here's how bitcoin and S&P 500 look like when adjusted for the money printer30 minutes ago
- 2Crypto PAC's $12 million Senate candidate, Barry Moore, wins Alabama GOP primary 1 hour ago
- 3Live markets: A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June1 hour ago
- 4XRP gives back breakout gains, slipping below $1.23 on heavy selling2 hours ago
- 5Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed2 hours ago
- 6Here is why Strategy's dividend-paying crypto stock is crashing to near-historic lows9 hours ago
- 7Bitcoin miners' AI pivot faces $50 billion reality check, says VanEck10 hours ago
- 8U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process10 hours ago
- 9Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends10 hours ago
- 10Coinbase introduces AI advisor, stock options, and pre-IPO markets in finance push12 hours ago
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
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.
By CoinDesk ResearchJun 15, 2026In 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:
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.
View Full ReportMore From Finance