ChainCatcher report: As the final deadline for the European MiCA regulatory transition period approaches, BitGo, regulated by Germany’s BaFin, has announced that its Crypto-as-a-Service platform offers European crypto businesses a streamlined path to MiCA compliance without needing to build an independent compliance infrastructure from scratch. Businesses simply need to connect their existing wallets to BitGo’s wallet system, complete KYC procedures meeting MiCA requirements, and have customer assets held in compliant, segregated custody accounts. Meanwhile, businesses can simultaneously apply for their own CASP license. Regarding fees, BitGo CEO Mike Belshe stated that costs are relatively low, with a minimum monthly fee of several thousand dollars, offering two pricing models: pay-per-transaction or fixed-rate. According to legal firm Hogan Lovells, as of May 2026, only 194 CASPs have been authorized in Europe, and approximately 75% of pre-MiCA registered crypto firms are expected to lose their registration status after the transition period ends.
BitGo Offers MiCA Compliance Solution for European Crypto Firms as Deadline Looms
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Summary
BitGo, regulated by Germany’s BaFin, has launched a Crypto-as-a-Service platform to help European companies meet MiCA crypto compliance requirements ahead of the 2026 deadline. The solution enables firms to integrate their wallets with BitGo’s system for KYC checks and secure custody without building full compliance infrastructure from scratch. CEO Mike Belshe said the cost begins at a few thousand dollars per month, with flexible pricing models. Hogan Lovells estimates only 194 CASP licenses will be issued, with 75% of pre-registered firms likely to lose their status after the transition.
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