Summary
- BitGo has reportedly obtained a virtual asset business license from the German Financial Supervisory Authority (BaFin).
- BitGo's European entity said it plans to offer investors OTC trading and electronic trading services for virtual assets and stablecoins.
- Brett Reeves, BitGo Europe's head of sales, said it will provide institutional investors with high liquidity and the stability of regulatory supervision.
BitGo, a virtual asset (cryptocurrency) custody firm, has reportedly obtained a virtual asset business license in Germany.
On the 17th (local time), according to CoinDesk, BitGo obtained a virtual asset business license from the German Financial Supervisory Authority (BaFin). Accordingly, BitGo's European entity plans to provide investors with OTC trading and electronic trading services for virtual assets and stablecoins.
Brett Reeves, BitGo Europe's head of sales, said, "Institutional investors need high liquidity and the stability of regulatory supervision," adding, "BitGo will be a provider that offers both."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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