Bitpanda has obtained approval from the UK’s Monetary Conduct Authority (FCA) to increase its cryptocurrency companies within the nation. The approval permits the Austria-based platform to supply its full vary of digital asset merchandise to UK traders.
This improvement follows Bitpanda’s current acquisition of a Markets in Crypto-Belongings Regulation (MiCAR) license from Germany’s Federal Monetary Supervisory Authority (BaFin). The MiCAR framework is meant to manage digital asset service suppliers throughout the European Union.
Eric Demuth, Co-Founder and CEO of Bitpanda, Supply: LinkedIn
“Being Europe’s main crypto platform means being within the UK – there was no query about it,” Eric Demuth, CEO and Co-Founding father of Bitpanda, commented.
The corporate supplies entry to over 500 cryptocurrencies, which it claims is likely one of the most intensive choices out there.
“This was the final lacking piece to actually serve all Europeans. Now, our focus is obvious: ship a product that meets the wants of UK traders. We’re able to welcome British traders and take Bitpanda to the subsequent stage,” Demuth added.
As a part of its growth, Bitpanda plans to ascertain a everlasting workplace within the UK. The corporate additionally intends to extend its native workforce and develop merchandise tailor-made to UK traders.
London Calling – Bitpanda is now FCA-approved and increasing to the UK! 🇬🇧
We’re taking our safe, regulated crypto platform to the subsequent stage – now absolutely compliant in one of many world’s most necessary monetary markets.
UK traders can entry 500+ cryptocurrencies, staking,… pic.twitter.com/K1qMbtJZfp
— Bitpanda (@Bitpanda_global) February 12, 2025
Bitpanda Receives VARA Approval for UAE Growth
In December, Bitpanda obtained in-principle approval from the Digital Belongings Regulatory Authority (VARA) within the United Arab Emirates (UAE), as reported by Finance Magnates.
This approval was granted in lower than eight months after submission. As soon as absolutely licensed, Bitpanda will function as Bitpanda Dealer MENA DMCC, marking its first growth outdoors of Europe.
Earlier, Bitpanda established an workplace on the DMCC Crypto Centre in Dubai. Since then, it has employed regional specialists and fashioned partnerships with monetary establishments and crypto platforms. The corporate goals to leverage its regulated platform standing in Europe to serve traders within the UAE and the broader MENA area.
