BitGo announced that AndX USA LLC has launched its listing on the US crypto exchange 2026 on top of BitGo’s Crypto-as-a-Service infrastructure, giving the global digital assets platform nationwide operations in all 50 states under an OCC-regulated custody framework backed by $250 million in insurance coverage.
Summary
- AndX, an AI-native Web3 financial platform based in New York and already operating in Turkey, UAE, India, Brazil, 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.
- Viru Raparthi, CEO of AndX, said the partnership allows the company to focus on user-facing innovation, including AI-driven trading tools, tokenization of real-world assets and global payment capabilities, rather than core infrastructure.
The 2026 US crypto exchange market 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-based 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 flows, and compliance architecture, all delivered via configurable APIs and webhooks. AndX plugs into this stack and focuses its engineering resources on the trading interface, AI-driven tools, and market-facing features that differentiate it for users.
“Cryptocurrency platforms should not have to choose between rapid time-to-market and institutional-grade collateral,” 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 a regulated infrastructure foundation, with API-driven systems designed for reliability, control and compliance. »
Building a compliant U.S. crypto exchange from scratch requires obtaining money transmission licenses in 46 or more states, navigating a BitLicense application in New York, establishing custody agreements, hiring compliance and anti-money laundering personnel, and building or acquiring monitoring systems, all before a single user transaction. For a platform entering the United States from an international base, the time frame typically ranges from 18 to 36 months and requires significant capital.
BitGo’s CaaS model reduces this to the time required for API integration and contract negotiation. BitGo Bank and Trust already has regulatory approvals. $250 million in custodial insurance covers BitGo’s own holdings across the entire infrastructure, reducing counterparty risk for platform partners. The model has grown alongside the expansion of the US spot ETF market and the new CLARITY Act framework, which together raise the bar for what institutional-grade crypto infrastructure should look like.
What AndX brings as a product
AndX describes itself as an AI-native Web3 financial platform combining multi-asset trading, tokenization, cross-border payments, real-time financial intelligence, and what it calls a gamified participation layer in a single ecosystem. It has existing user bases in Türkiye, UAE, India, Brazil, 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,” describing 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 initiatives this week that highlight the consolidation of regulated infrastructure as a competitive divide in the US crypto exchange market. Payward’s acquisition of Bitnomial for up to $550 million this week also focused on regulatory licensing and clearing infrastructure rather than user acquisition. As the CLARITY Act moves toward markup, platforms that arrive at this legislative moment with OCC, CFTC, and state-level regulatory coverage will be structurally advantaged over those that do not, which is exactly what partnerships like AndX and BitGo are designed to provide before regulatory deadlines arrive.
