As the deadline for compliance with the Markets in Crypto Assets (MiCA) regulations approaches, BitGo, a technology firm regulated by Germany’s BaFin, has introduced a Crypto-as-a-Service platform aimed at assisting crypto companies in Europe with the transition. The final date for firms to secure their licenses is set for the end of this month, placing pressure on many in the industry.
BitGo CEO Mike Belshe emphasized that firms already conducting necessary know-your-customer (KYC) checks can seamlessly integrate their operations with BitGo’s services. This integration allows firms to onboard clients into MiCA-compliant sub-accounts, facilitating a smoother compliance process.
“All of your clients can be onboarded and have sub-accounts inside of BitGo,” Belshe stated in an interview. “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. You can now go about your business.”
BitGo’s platform offers an alternative to the complex task of establishing a fully regulated crypto operating system from scratch. Eligible businesses can also pursue their own MiCA-focused crypto asset service provider (CASP) licenses while utilizing BitGo’s infrastructure.
Industry data indicates that over 3,000 crypto firms were registered in Europe as of 2024, with Poland accounting for a significant portion. However, as of May 2026, only 194 CASPs have received authorization, and projections suggest that approximately 75% of firms operating before MiCA will lose their registration status as the transitional periods end.
Belshe noted that the compliance requirements imposed by MiCA do not have to result in business closures. He highlighted that regulators recognize the value of BitGo’s compliance-enhancing services. Regarding the costs associated with these compliance solutions, Belshe described them as relatively affordable, with fees varying based on the specific products used.
“There’s some amount of monthly minimum that you pay similar to what’s always been there. That’s a couple of $1,000 a month type of thing that can scale with volume,” he explained. “Then clients can either go to variable-based plans, where they’re paying per transaction more, or they can use static-based plans, where they have kind of a fixed fee, and they pay less.”
As the regulatory landscape evolves, BitGo’s offerings may provide a crucial lifeline for many crypto firms navigating the complexities of MiCA compliance.
BitGo has launched a Crypto-as-a-Service platform to assist European crypto firms in meeting MiCA compliance ahead of the impending deadline. The service allows firms to integrate their operations without the need for extensive regulatory frameworks, potentially preventing business closures in a challenging regulatory environment.