ChainCatcher reported that, as the final deadline for Europe’s MiCA regulatory transition period approaches, BitGo, which is regulated by Germany’s BaFin, has announced that its Crypto-as-a-Service platform can provide European crypto companies with a more direct route toward MiCA compliance. According to the company, firms using the service do not need to build a separate compliance operating system from the ground up before aligning their operations with the regulatory requirements.
Wallet integration and MiCA-compliant KYC
Under the arrangement described by BitGo, a crypto company can connect its existing wallet setup to the BitGo wallet system and complete KYC work that meets MiCA requirements. Once that process is in place, customer assets can be held in compliant segregated custody accounts. The structure centers on BitGo’s custody and wallet infrastructure, allowing client asset storage to be handled through a regulated framework rather than through a newly built internal system.
BitGo also said that using its Crypto-as-a-Service platform does not prevent a company from pursuing its own authorization. Firms can continue to apply for their own CASP license in parallel while using BitGo’s system. In practical terms, the platform is presented as a compliance access route for companies that are still working through their own licensing process but need to meet custody and identity-verification requirements under MiCA.
Pricing options and CASP authorization figures
On pricing, BitGo CEO Mike Belshe said the fees are relatively low, with a minimum monthly cost of around several thousand dollars. The platform offers two pricing structures: one based on transaction volume and another based on a fixed rate. Companies can choose between the two models according to their transaction activity and operating scale.
The announcement comes alongside figures cited by the law firm Hogan Lovells. The firm estimates that, as of May 2026, only 194 CASPs had been authorized in Europe. Hogan Lovells also expects that around 75% of crypto companies registered before MiCA will lose their registration status after the transition period ends. Against that backdrop, BitGo is positioning its BaFin-regulated status, segregated custody account arrangement, and Crypto-as-a-Service platform as a way for European crypto businesses to connect their operations with MiCA compliance requirements before the transition deadline.