US Crypto Exchange 2026: AndX Launches on BitGo

BitGo announced that AndX USA LLC has launched its US crypto exchange 2026 entry on top of 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.

The US crypto exchange 2026 market is increasingly being built not by companies constructing their own custody and compliance systems from the ground up but by platforms that integrate existing regulated infrastructure through API-driven partnerships. The AndX and BitGo launch 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 through configurable APIs and webhooks. AndX plugs into that stack and focuses its engineering resources on the trading interface, AI-powered tools, and market-facing features that differentiate it with users.

“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.”

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 custody arrangements, hiring compliance and AML staff, and building or procuring surveillance systems, all before a single user trade. For a platform entering the US from an international base, the timeline typically runs 18 to 36 months and requires significant capital.

BitGo’s CaaS model compresses that to the time required for API integration and contract negotiation. BitGo Bank and Trust already holds the regulatory authorizations. Custody insurance of $250 million covers BitGo’s own holdings across the infrastructure, reducing counterparty risk for platform partners. The model has grown alongside the expansion of the US spot ETF market and the incoming CLARITY Act framework, which together are raising the floor of what institutional-grade crypto infrastructure must 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 into a single ecosystem. It has existing user bases in Turkey, the UAE, 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 that possible in the US regulatory environment.

Where It Fits in the Market Structure

The AndX launch is one of several moves this week that underscore the consolidation of regulated infrastructure as the competitive moat in the US crypto exchange market. Payward’s acquisition of Bitnomial for up to $550 million this week similarly centered on regulatory licensing and clearing infrastructure rather than user acquisition. As the CLARITY Act moves toward markup, the platforms that arrive at that 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 the regulatory deadlines arrive.