Bitpanda secures German crypto license

Quick Take

  • Investment platform Bitpanda has been granted a crypto trading and custody license in Germany.

Bitpanda has received a crypto trading and custody license from Germany’s Federal Financial Supervisory Authority, known as BaFin.

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.

Bitpanda has already secured licenses across Europe — including Austria, France, Italy, Spain, the U.K., the Czech Republic and Sweden. 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.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Last month, Bitpanda launched a partnership with the German neobank N26 to offer trading tools.


© 2023 The Block. 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.

About Author

Inbar is a reporter covering crypto policy and regulation with a focus on Europe. Before The Block, she worked with several publications in Brussels including The Parliament Magazine and Are We Europe. Inbar holds a bachelor's degree in international relations from University College Utrecht and a master's degree in international politics from KU Leuven.

Editor

To contact the editor of this story:
Adam James at
[email protected]

More by Inbar Preiss