CoinDesk
BitGo Europe is offering crypto firms across the continent a faster path to MiCA compliance, with the final transition deadline landing at the end of this month. The BaFin-authorized arm of the listed custody firm (BTGO) is pitching its Crypto-as-a-Service platform as an alternative to building a standalone regulated crypto stack from the ground up, letting eligible firms route client assets into MiCA-compliant sub-accounts inside BitGo's segregated custody.
CEO Mike Belshi framed the pitch as a way for wallet operators that have done their own KYC to integrate with BitGo's infrastructure, retain the client relationship, and still operate under a MiCA-compliant wrapper. "All of your clients can be onboarded and have sub-accounts inside of BitGo," Belshi said. "Now, they are your clients: you help them with support, you help them with all of the products, you do all that stuff, we don't do any of that. But they are now in segregated safe storage that's MICA-compliant." Eligible firms can continue to evaluate or pursue their own CASP licenses in parallel, BitGo said, and Belshi called the offering "relatively cheap" — a few thousand dollars a month at the entry level, scaling with volume.
Why it matters
Europe had more than 3,000 registered crypto firms as of 2024, with Poland alone accounting for over 1,400. As of May 2026, only 194 authorised CASPs — including credit institutions — have cleared the new regime, according to law firm Hogan Lovells. Industry estimates suggest roughly 75% of the pre-MiCA population will lose registration status as transitional periods expire, a regulatory reckoning that analysts say will force some firms to shut down.
Market impact
BitGo's pitch is to keep those firms in business rather than see them close — regulators are aware of the offering, Belshi said. For institutional crypto players operating in Europe, the optionality matters: the alternative is a costly, multi-quarter buildout of a full CASP-compliant operating stack, or exit. The pricing structure (monthly minimums plus variable or static transaction-based plans) keeps the entry point accessible for mid-tier operators.
Frequently asked questions
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What is BitGo offering European crypto firms ahead of the MiCA deadline?
BitGo Europe, authorized by BaFin, is offering its Crypto-as-a-Service platform as a way for crypto firms to route client assets into MiCA-compliant sub-accounts inside BitGo's segregated custody, rather than building their own regulated crypto stack from scratch.
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When is the final MiCA transition deadline for crypto firms?
The final deadline for crypto firms to transition to the MiCA regime is the end of this month, after which firms without proper authorization will lose registration status.
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How many crypto firms in Europe are expected to lose MiCA registration?
According to law firm Hogan Lovells, roughly 75% of the pre-MiCA crypto firm population is expected to lose registration status as transitional periods expire, with only 194 authorised CASPs cleared as of May 2026.
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How much does BitGo's MiCA compliance service cost?
BitGo CEO Mike Belshi said the service is "relatively cheap," with monthly minimums in the low thousands of dollars at entry, scaling with volume. Clients can choose variable-based plans paying per transaction or static-based plans with a fixed fee.
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Can a firm pursue its own CASP license while using BitGo's infrastructure?
Yes. BitGo said eligible businesses may continue to evaluate or pursue their own MiCA-focused crypto asset service provider (CASP) licenses in parallel while integrating BitGo Europe's infrastructure.
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