TL;DR:
- BitGo launched a BaFin-regulated Crypto-as-a-Service platform that allows European companies to comply with MiCA without holding their own license.
- The final deadline for crypto firms to complete the transition to the MiCA regime expires at the end of this month of June 2026.
- Hogan Lovells estimates that around 75% of pre-MiCA firms will lose their registration when the transition periods expire.
BitGo announced an infrastructure solution designed to help European companies in the sector comply with the Markets in Crypto Assets (MiCA) regulation without needing to build their own regulatory structure from scratch. The offering responds directly to a critical moment for the market: the final deadline for firms to complete the transition to the MiCA regime expires at the end of June 2026.
BitGo Europe, authorized by German regulator BaFin, offers its Crypto-as-a-Service platform as an alternative pathway for companies across Europe to navigate the requirements of the new regulatory framework. Rather than bearing the cost and complexity of independently obtaining a crypto-asset service provider (CASP) license, firms can integrate into BitGo’s already certified infrastructure.
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… https://t.co/WljDU3tJP5
— Mike Belshe (@mikebelshe) June 16, 2026
BitGo Opens the Door to a Nearly Closed Market
Mike Belshe, CEO of BitGo, explained the mechanism in concrete terms: if a company operates wallets and does not hold a MiCA license, it can register with BitGo and integrate its wallets into the company’s system, provided it meets the identity verification (KYC) requirements aligned with the regulation. “All your customers can onboard and have sub-accounts within BitGo,” Belshe stated. “Now they are your customers: you assist them with support, with the products, with all of that. But they are in segregated, secure storage that is MiCA-compliant.”
Companies joining this arrangement can also continue managing or pursuing their own CASP license in parallel, the company specified. Regarding costs, Belshe noted that the service is relatively accessible and varies by product. He mentioned a monthly minimum of around a few thousand dollars, with variable per-transaction plans or flat-fee schemes available depending on volume.
75% of Crypto Firms in Europe at Risk
The regulatory landscape in the European Union is already a serious concern. According to estimates from law firm Hogan Lovells, Europe had more than 3,000 crypto firms registered in 2024, with Poland accounting for more than 1,400 of those registrations.
As of May 2026, only 194 CASPs hold formal authorization, and it is projected that approximately 75% of pre-MiCA firms will lose their registration status when the transition periods expire. Belshe stressed that companies do not need to shut down due to MiCA’s requirements, and noted that regulators are already aware of the infrastructure proposal BitGo is offering.
