Bitpanda Receives Full Crypto Custody and Trading License in Germanyby Fintechnews Switzerland November 24, 2022
Austrian crypto platform Bitpanda has received a full operating license from the German Federal Financial Supervisory Authority or BaFin for the custody and proprietary trading of crypto assets.
Bitpanda claims to be the first European retail investment platform to obtain the license which was introduced by BaFin in 2020, allowing it to actively market and offer services in the German market.
“Receiving the license in Germany strengthens our position as a pioneer in terms of regulation in Europe and highlights yet again how well positioned we are in this area,”
said Eric Demuth, CEO and Co-Founder of Bitpanda.