Key Takeaways
- BitPanda has recently secured licenses in Germany and Sweden.
- Deputy CEO of BitPanda emphasized the company’s commitment to providing a reliable platform for European investors.
BitPanda, an Austrian cryptocurrency exchange, has achieved a significant milestone by obtaining a Virtual Asset Service Provider license in Norway.
Lukas Enzersdorfer-Konrad, the Deputy CEO of BitPanda, emphasized the company’s commitment to providing a reliable platform for European investors. Commenting on the development , Lukas stated:
“There is a growing need for a dependable investment platform in Europe, and BitPanda is dedicated to fulfilling that role. Over the past year, we have achieved a significant milestone by becoming the sole European provider to secure licenses in Germany, Sweden, and now Norway.”
“With a user base exceeding 4 million, we enable leading financial institutions and neobanks across Europe to offer digital assets,” added Lucas.
The achievement in Norway is particularly noteworthy as the country, despite being outside the European Union, has shown an active approach in shaping its cryptocurrency regulatory framework.
In May, the Central Bank of Norway emphasized the importance of establishing a national regulatory framework for crypto assets, rather than relying solely on the pan-European Markets in Crypto Assets (MiCA) regulation.
BitPanda has recently been focused on expanding its operations across Europe. In a strategic move in May 2023, BitPanda collaborated with Coinbase, a significant U.S.-listed cryptocurrency exchange, to facilitate European banks in offering digital assets to their customers.
The Vienna-based exchange currently holds licenses in European countries such as Austria, Germany, France, the Czech Republic, and Sweden.
BitPanda’s extensive crypto connectivity is already established with several notable financial institutions, including Raiffeisenlandesbank in Austria, N26 in Europe, Lydia in France, Plum in the United Kingdom, and Hype in Italy.
In March 2021, Bitpanda became Austria’s first unicorn startup after closing a series B funding round at $170 million.
