BitGo announced that AndX USA LLC has launched its US cryptocurrency exchange platform by 2026 on top of BitGo’s Crypto-as-a-Service infrastructure, providing the global digital asset platform with nationwide operations in all 50 states under an OCC-regulated custody framework backed by $250 million in insurance coverage.
Summary
- AndX, a New York-based AI-native Web3 financial platform already operating in Türkiye, the United Arab Emirates, India, Brazil, the Philippines, and South Africa.
- The platform runs on BitGo Bank and Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company.
- AndX CEO Viru Raparthi said the partnership allows the company to focus on user-facing innovation, including AI-powered trading tools, tokenization of real-world assets and global payment capabilities, rather than core infrastructure.
The US cryptocurrency exchange market for 2026 is increasingly being built not by companies building their own custody and compliance systems from scratch, but by platforms that integrate existing regulated infrastructure through API-driven partnerships. The launch of AndX and BitGo is the clearest recent example of that model working at scale.
BitGo’s Crypto-as-a-Service offering provides the technical and regulatory foundation: OCC-regulated custody, transaction monitoring, transfer workflows, and compliance architecture, all delivered via configurable APIs and webhooks. AndX plugs into that stack and focuses its engineering resources on the business interface, AI-powered tools, and market-facing features that differentiate it for users.
“Crypto platforms should not have to choose between speed to market and institutional-grade safeguards,” said Frank Wang, CEO of BitGo and head of fintech. “BitGo’s Crypto-as-a-Service enables partners like AndX to launch and scale secure trading experiences on a foundation of regulated infrastructure, with API-driven systems designed for reliability, control and compliance.”
Building a compliant US crypto exchange from scratch requires obtaining money transmission licenses in 46 or more states, navigating a BitLicense application in New York, establishing escrow agreements, hiring compliance and AML staff, and building or acquiring surveillance systems, all before a single user transacts. For a platform entering the US from an international base, the timeline is typically 18 to 36 months and requires significant capital.
BitGo’s CaaS model compresses it to the time needed for API integration and contract negotiation. BitGo Bank and Trust already has regulatory authorizations. The $250 million custodian insurance covers BitGo’s own stakes in the entire infrastructure, reducing counterparty risk for platform partners. The model has grown along with the expansion of the US. Spot ETF market and the incoming CLARITY Act framework, which together are raising the floor for what institutional-grade crypto infrastructure should look like.
What AndX contributes as a product
AndX describes itself as an AI-native Web3 financial platform that combines multi-asset trading, tokenization, cross-border payments, real-time financial intelligence, and what it calls a gamified engagement layer into a single ecosystem. It has user bases in Türkiye, the United Arab Emirates, India, Brazil, the Philippines, and South Africa.
Raparthi said the company’s goal is to “expand access to financial markets while maintaining the highest standards of security and trust,” framing the BitGo partnership as the mechanism that makes this possible in the US regulatory environment.
Where it fits into the market structure
The launch of AndX is one of several moves this week that underscore the consolidation of regulated infrastructure as a competitive moat in the US crypto exchange market. Payward’s acquisition of Bitnomial for up to $550 million this week similarly focused on regulatory licensing and clearing infrastructure rather than user acquisition. As the CLARITY Act moves toward markup, platforms that arrive at that legislative time with OCC, CFTC, and state-level regulatory coverage will have a structural advantage over those that don’t, which is exactly what partnerships like AndX and BitGo are designed to provide before regulatory deadlines arrive.
