BitGo announced that AndX USA LLC has launched its US exchange entry using BitGo’s Crypto-as-a-Service infrastructure, giving the global digital-asset platform nationwide operations across all 50 states under an OCC-regulated custody framework backed by $250 million in insurance coverage.
Summary
– AndX is a New York–headquartered AI-native Web3 financial platform already operating in Turkey, the UAE, 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 lets the company focus on user-facing innovation — AI-driven trading tools, real-world asset tokenization, and global payment capabilities — rather than core infrastructure.
The AndX and BitGo launch highlights a growing model in the US exchange market: companies integrating regulated infrastructure via API-driven partnerships instead of building custody and compliance systems from scratch. BitGo’s CaaS provides the technical and regulatory foundation — OCC-regulated custody, transaction monitoring, transfer workflows, and compliance architecture — delivered through configurable APIs and webhooks. AndX plugs into that stack and concentrates engineering on the trading interface, AI tools, and market-facing features.
“Crypto platforms shouldn’t have to choose between speed to market and institutional-grade safeguards,” said Frank Wang, BitGo’s managing director and head of fintech. “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.”
Why the Infrastructure-as-a-Service Model Is Growing
Building a compliant US exchange independently requires money-transmission licenses across many states, a BitLicense in New York, custody arrangements, compliance and AML staff, and surveillance systems. For international entrants the timeline is typically 18–36 months and capital intensive. BitGo’s model shortens that to API integration and contracts, since BitGo Bank and Trust already holds the necessary regulatory authorizations. BitGo’s $250 million custody insurance covers its holdings across the infrastructure, lowering counterparty risk for partners. The model has expanded alongside growth in the US spot ETF market and the incoming CLARITY Act framework, both of which raise institutional infrastructure standards.
What AndX Offers
AndX positions itself as an AI-native Web3 financial platform combining multi-asset trading, tokenization, cross-border payments, real-time financial intelligence, and a gamified participation layer. It already serves users across multiple international markets and now aims to extend access in the US under the BitGo arrangement. Raparthi framed the BitGo partnership as the mechanism that allows AndX to “expand access to financial markets while maintaining the highest standards of security and trust.”
Market Context
The AndX launch comes amid broader consolidation around regulated infrastructure as a competitive moat in the US exchange market. Recent deals, such as Payward’s acquisition of Bitnomial, emphasize licensing and clearing capabilities over pure user acquisition. As the CLARITY Act advances, platforms that arrive with OCC, CFTC, and state-level regulatory coverage will be structurally advantaged — the exact benefit partnerships like AndX and BitGo are intended to deliver.