BitGo Europe is expanding its Crypto-as-a-Service offering across the European Economic Area, helping fintech companies and banks integrate regulated cryptocurrency custody, trading and fiat conversion services, Cointelegraph reported on March 3.
With the expansion, BitGo’s API-based infrastructure will be available in 30 EEA countries. Financial institutions can embed wallet, onboarding and payment services directly into their platforms.
BitGo’s service also includes multi-asset wallets and Single Euro Payments Area (SEPA) fiat rails. BitGo provides insurance of up to $250 million for custody wallets, along with policy controls and 24/7 operational support.
Partners can buy, sell and custody digital assets such as bitcoin (BTC) within their existing interfaces. Settlement is handled through BitGo’s infrastructure.
The service expands on what had been offered in the United States and is now operated through BitGo’s European subsidiary. Since its founding in 2013, BitGo has provided custody, wallet, staking, trading, finance, stablecoin and payment services to global institutional clients.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr