BitGo's Compliance Bridge May Save Binance from EU Licensing Woes

With just two weeks left before the EU's MiCA deadline, BitGo has introduced a compliance bridge that could allow crypto firms like Binance to operate legally in Europe. Currently, only 194 authorized Crypto Asset Service Providers exist out of over 3,000 registered firms pre-MiCA.

Binance applied for a pan-EU MiCA license through Greece's Hellenic Capital Market Commission in January but may face rejection. However, a white-label arrangement with BitGo could provide an alternative solution.

BitGo Europe GmbH received its MiCA license from BaFin, Germany's Federal Financial Supervisory Authority, in May 2025 and has extended its regulated services to cover trading. The company is now commercializing its 'Crypto-as-a-Service' product, which allows firms without their own CASP authorization to plug into BitGo's licensed infrastructure.

The arrangement involves client wallets migrating into BitGo sub-accounts held in segregated storage. Firms using the service can continue pursuing their own CASP licenses in parallel and pay a starting fee of '$1,000 a month' with variable pricing plans available.