Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany.

Also Read: German Fintechs Rush to Offer Crypto Custody Services Under New Law

Bitgo Expands to Switzerland and Germany

Bitgo, which provides institutional clients with security and financial services for digital assets, has announced that the company is expanding its international presence with two custodial entities in Switzerland and Germany.

The new Swiss entity (Bitgo GmbH) is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market Supervisory Authority (FINMA). The new German entity (Bitgo Deutschland GmbH) is currently providing custody services in Germany and is expected to apply for regulatory approval when the application…