BitGo just helped power a new crypto exchange launch in the US — and it shows how the industry is changing fast.
AndX USA LLC has officially entered the US market by building on BitGo’s Crypto-as-a-Service infrastructure. This setup allows AndX to operate across all 50 states while using a fully regulated custody system backed by around $250 million in insurance.
Instead of building everything from scratch, AndX is plugging into an existing system run by BitGo Bank and Trust. This is a federally chartered digital asset trust bank, regulated by the OCC, which means it already handles custody, compliance, and transaction monitoring.
That’s the key shift here.
In the past, launching a US crypto exchange meant dealing with dozens of licenses, strict regulations, and years of setup. Now, companies can skip most of that by using infrastructure providers like BitGo and focusing only on the product side.
AndX is doing exactly that.
The company, led by Viru Raparthi, says this partnership lets them focus on what users actually see — things like AI-powered trading tools, real-world asset tokenization, and global payments — instead of spending years building backend systems.
AndX isn’t new either. It already operates in multiple countries, including Turkey, the UAE, India, Brazil, the Philippines, and South Africa. The US launch is more about expansion than starting from zero.
BitGo’s role is to handle the heavy lifting. Its Crypto-as-a-Service platform provides custody, compliance tools, and transaction systems through APIs. So AndX just connects to it and builds its exchange on top.
BitGo’s fintech head, Frank Wang, summed it up simply: companies shouldn’t have to choose between moving fast and staying compliant.
This model is becoming more common across the industry.
Building a fully compliant US exchange on your own can take 18 to 36 months and requires huge investment. Using a setup like BitGo’s cuts that timeline down to integration time.
It also fits into a bigger trend.
As regulations tighten and institutional money enters crypto, having strong infrastructure and compliance is becoming more important than just having users. We’re seeing more deals focused on licenses, custody, and backend systems rather than flashy front-end features.
In simple terms, the game is changing.
Instead of every exchange building everything themselves, many are now stacking on top of regulated infrastructure. And launches like AndX show that this model isn’t just theory anymore — it’s already working at scale in the US market.
