BitGo has announced that AndX USA LLC has officially entered the U.S. crypto exchange market, building its operations on BitGo’s Crypto-as-a-Service (CaaS) infrastructure. This setup enables AndX to operate across all 50 states under an OCC-regulated custody framework, supported by $250 million in insurance coverage.
Summary
AndX is a New York-based AI-native Web3 platform with an existing presence in Turkey, the UAE, India, Brazil, the Philippines, and South Africa.
The platform runs on BitGo Bank and Trust, the first federally chartered digital asset trust bank owned by a publicly traded firm.
CEO Viru Raparthi said the partnership allows AndX to prioritize innovation, including AI-driven trading, tokenization, and global payments, instead of building core infrastructure.
AndX Leverages Regulated Infrastructure for U.S. Entry
The U.S. crypto exchange landscape in 2026 is increasingly shifting toward an infrastructure-as-a-service model, where firms integrate existing regulated systems instead of building their own from scratch. The collaboration between AndX and BitGo highlights how this approach can accelerate market entry.
BitGo’s CaaS platform provides the backbone, including regulated custody, transaction monitoring, compliance systems, and transfer workflows through API-based integrations. This allows AndX to concentrate on user-facing elements such as trading interfaces, AI-powered tools, and differentiated product features.
Frank Wang, Managing Director and Head of Fintech at BitGo, noted that the platform enables companies to scale quickly without compromising on institutional-grade security and compliance.
Why the CaaS Model Is Gaining Traction
Launching a compliant crypto exchange in the U.S. traditionally requires extensive regulatory approvals, including licenses across dozens of states, a BitLicense in New York, custody arrangements, and robust AML and surveillance systems. This process can take up to three years and demands significant capital.
BitGo’s model simplifies this timeline by offering ready-made regulatory infrastructure. With licenses and compliance frameworks already in place, partners like AndX can launch faster through API integration. Additionally, the $250 million insurance coverage reduces counterparty risk and strengthens institutional confidence.
This model has gained momentum alongside the rise of spot Bitcoin ETFs and evolving regulations such as the CLARITY Act, which are raising expectations for secure and compliant infrastructure.
AndX’s Product Vision
AndX positions itself as an AI-native financial platform that integrates multi-asset trading, real-world asset tokenization, cross-border payments, and real-time financial intelligence. It also incorporates gamified elements to enhance user engagement.
Raparthi emphasized that the company’s mission is to broaden access to financial markets while maintaining strong security and trust standards, with BitGo’s infrastructure enabling compliance in the U.S. market.
Market Implications
The AndX launch reflects a broader industry trend where regulated infrastructure is becoming a key competitive advantage in the U.S. crypto sector. Rather than focusing solely on user growth, companies are prioritizing licensing, custody, and compliance capabilities.
This shift is also evident in recent developments such as Payward’s acquisition of Bitnomial, which emphasized regulatory and clearing infrastructure.
As new legislation approaches, platforms that already operate within frameworks governed by regulators like the Office of the Comptroller of the Currency and the Commodity Futures Trading Commission are likely to hold a structural advantage in the evolving market.
