AndX Launches Nationwide US Crypto Exchange Using BitGo’s Regulated Infrastructure

TL;DR **AndX USA LLC launched a US crypto exchange in 2026 built on BitGo’s OCC‑regulated custody platform, gaining immediate nationwide coverage and $250 million of custody insurance.**

Context The US crypto exchange market is shifting toward platforms that plug into existing regulated infrastructure rather than building compliance stacks from scratch. Obtaining money‑transmission licenses in 46+ states, a New York BitLicense, and custody arrangements typically takes 18‑36 months and significant capital. BitGo’s Crypto‑as‑a‑Service (CaaS) offers OCC‑regulated custody, transaction monitoring, and compliance tools through configurable APIs, letting partners focus on product features.

Key Facts AndX’s exchange went live using BitGo’s CaaS, providing OCC‑regulated custody across all 50 states backed by $250 million of custody insurance that covers BitGo’s holdings and reduces counterparty risk for partners. The integration is API‑driven, allowing AndX to concentrate on its AI‑native trading interface, tokenization tools, and gamified participation layer. On the day of launch, Bitcoin (BTC) traded at $27,300, up 1.2%, while Ethereum (ETH) stood at $1,800, down 0.4%; the total crypto market cap was approximately $1.1 trillion.

What It Means The launch illustrates how regulated infrastructure is becoming a competitive moat, similar to Payward’s recent acquisition of Bitnomial for up to $550 million focused on licensing and clearing. As the CLARITY Act advances, platforms with OCC, CFTC, and state‑level coverage will hold structural advantages over those still building compliance capabilities. Market participants should watch for state‑level responses to the new exchange, potential follow‑on CaaS partnerships, and any impact on spot Bitcoin ETF inflows as institutional‑grade access expands.