BitGo announced that AndX USA LLC has launched its 2026 US cryptocurrency exchange entry as well as BitGo’s cryptocurrency infrastructure-as-a-service, giving the global digital asset platform nationwide operations across all 50 states under an OCC-regulated framework and backed by $250 million in insurance coverage.
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- AndX, a New York-based AI-driven Web3 financial platform, already operates in Turkey, the UAE, India, Brazil, the Philippines and South Africa.
- The platform runs 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 enables the company to focus on user-facing innovation including AI-driven trading tools, real-world asset tokenization, and global payment capabilities rather than focusing on core infrastructure.
The 2026 US cryptocurrency exchange market is increasingly being built not by companies building their own custody and compliance systems from the ground up but by platforms that integrate existing regulated infrastructure through API-driven partnerships. The launch of AndX and BitGo is the clearest recent example of this model working at scale.
BitGo’s crypto-as-a-service offering provides the technical and regulatory foundation: OCC-regulated custody, transaction monitoring, transfer workflow, and compliance engineering, all delivered through configurable APIs and webhooks. AndX plugs into this group and focuses its engineering resources on the trading interface, AI-powered tools, and market-facing features that set it apart from users.
“Cryptocurrency platforms should not choose between speed to market and institutional-level guarantees,” said Frank Wang, Managing Director and Head of FinTech at BitGo. “BitGo’s Crypto-as-a-Service enables partners like AndX to launch and scale secure trading experiences on top of a regulated infrastructure foundation, with API-driven systems designed for reliability, control and compliance.”
Building a compliant US cryptocurrency exchange from scratch requires obtaining money transmitter licenses in 46 or more states, navigating New York’s BitLicense application, setting up custody arrangements, hiring compliance and anti-money laundering staff, and building or purchasing monitoring systems, all before a single user trades. For a platform entering the United States from an international base, the timeline typically extends from 18 to 36 months and requires significant capital.
BitGo’s CaaS model compresses this into the time required for API integration and contract negotiation. BitGo Bank and Trust already has regulatory licenses. A $250 million custody insurance covers BitGo’s private holdings across the infrastructure, reducing counterparty risk for platform partners. This model has grown along with the expansion of the United States Spot ETFs The market and the upcoming CLARITY Act framework, which together raise the bar for what cryptocurrency infrastructure should look like at the institutional level.
What AndX brings as a product
AndX describes itself as an AI-driven 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 located in Türkiye, the United Arab Emirates, India, Brazil, the Philippines, and South Africa.
The company’s goal is to “expand access to financial markets while maintaining the highest standards of security and trust,” Raparthi said, positioning the BitGo Partnership Framework as a mechanism that makes this possible in the US regulatory environment.
Where it fits with the market structure
The launch of AndX is one of several moves this week that confirm a boost Organized infrastructure As the competitive moat in the US cryptocurrency exchange market. Payward’s acquisition of Bitnomial for up to $550 million this week similarly focused on regulatory licensing and infrastructure clearance rather than user acquisition. As the CLARITY Act moves toward tokenization, exchanges that reach that legislative moment 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 the regulatory deadlines arrive.
