Image Credit: BitGo
Key Takeaways
- Up to 75% of pre-MiCA European crypto firms are expected to lose their registration status as transitional periods expire at month-end
- BitGo Europe’s BaFin-authorized platform lets firms integrate existing wallets into MiCA-compliant sub-accounts without obtaining their own CASP licenses
- BitGo charges a monthly minimum of approximately $2,000, with clients choosing between variable per-transaction or fixed-fee pricing structures
With the final deadline for European crypto firms to transition to the Markets in Crypto Assets regulatory regime expiring at the end of this month, BitGo is offering access to its BaFin-authorized Crypto-as-a-Service platform as an alternative to building a standalone regulated operating stack from scratch. CEO Mike Belshe said firms that have completed the necessary know-your-customer work can onboard their clients into MiCA-compliant sub-accounts within BitGo’s infrastructure.
Up to 75% of Pre-MiCA Crypto Firms Expected to Lose Registration Status
Industry data underscores the scale of the compliance challenge facing European crypto companies. According to law firm Hogan Lovells, Europe had more than 3,000 registered crypto firms as of 2024, with Poland alone accounting for over 1,400 registrations.
As of May 2026, only 194 CASPs, including credit institutions, have received authorization, and Hogan Lovells estimates that approximately 75% of the pre-MiCA population will lose registration status as transitional periods expire. A share of those firms is expected to shut down entirely.
BitGo Europe’s BaFin Authorization Underpins Its Compliance-as-a-Service Offering
BitGo Europe, authorized by Germany’s Federal Financial Supervisory Authority, BaFin, says its platform allows crypto firms to integrate existing wallets directly into BitGo’s infrastructure rather than applying for their own crypto asset service provider licenses.
According to a press release issued Wednesday, eligible businesses may also continue to evaluate or pursue their own CASP licenses in parallel while using BitGo Europe’s infrastructure. Belshe said regulators are aware of the company’s offering and that firms do not need to fail because of MiCA’s requirements.
Belshe Outlines Sub-Account Structure and Client Relationship Terms
Belshe described how the arrangement works in practice.
“If a firm is running wallets and does not have a MiCA license, they can sign up with BitGo and easily integrate their wallets into BitGo wallets, provided that KYC work aligned with MiCA has been completed.”
Client relationships and support remain with the onboarding firm, Belshe said. Adding that clients can have sub-accounts inside of BitGo.
“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, and you can now go about your business.”
BitGo Charges Around $2,000 Monthly Minimum, With Variable or Fixed Fee Structures
Belshe put the monthly minimum at roughly $2,000, noting the cost can scale with volume. “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 said.
From there, clients can choose between two fee structures. “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,” Belshe added.
