<p><span style="font-weight: 400;">Bitpanda has received a crypto trading and custody license from Germany’s Federal Financial Supervisory Authority, known as BaFin.</span></p> <p><span style="font-weight: 400;">The Austrian fintech company will now be able to legally offer German citizens crypto custody and proprietary trading for crypto assets, maintain an order book and directly market crypto services.</span></p> <p><span style="font-weight: 400;">Bitpanda has already secured licenses across Europe — including Austria, France, Italy, Spain, the U.K., the Czech Republic and Sweden. </span><span style="font-weight: 400;">Receiving a BaFin license “strengthens our position as a pioneer in terms of regulation in Europe,” Eric Demuth, CEO and co-founder of Bitpanda, said in a statement.</span></p> <p><span style="font-weight: 400;">Last month, Bitpanda <a href="https://www.theblock.co/post/178539/neobank-n26-cryptocurrency-bitpanda-partnership" target="_blank" rel="noopener">launched</a> a partnership with the German neobank N26 to offer trading tools.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>