Bitpanda has received approval from the UK’s Financial
Conduct Authority (FCA) to expand its cryptocurrency services in the country.
The approval allows the Austria-based platform to offer its full range of
digital asset products to UK investors.
This development follows Bitpanda’s recent acquisition of a
Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal
Financial Supervisory Authority (BaFin). The MiCAR framework is intended to
regulate digital asset service providers across the European Union.
Bitpanda Secures FCA Approval for UK Expansion
“Being Europe’s leading crypto platform means being in
the UK – there was no question about it,” Eric Demuth, CEO and Co-Founder
of Bitpanda, commented.
The company provides access to over 500 cryptocurrencies,
which it claims is one of the most extensive offerings in the market.
“This was the last missing piece to truly serve all
Europeans. Now, our focus is clear: deliver a product that meets the needs of
UK investors. We’re ready to welcome British investors and take Bitpanda to the
next level,” Demuth added.
As part of its expansion, Bitpanda plans to establish a
permanent office in the UK. The company also intends to increase its local
workforce and develop products tailored to UK investors.
This article was written by Tareq Sikder at www.financemagnates.com.
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