Bitpanda has secured a Market in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA). Bitpanda confirmed the development in a post on its official X page describing it as a significant step forward in achieving its mission of building the most regulated crypto platform in Europe.
It is worth noting that this MiCAR license from Austria represents the third MiCAR license acquired by the exchange, following the successful acquisition of Germany and Malta licenses. In addition to obtaining MiCAR license, Bitpanda has also acquired a variety of other approvals from various financial regulators, further demonstrating the exchange’s commitment to rendering services that complies with regulatory standard.
Earlier this year, Binbits reported that Bitpanda secured a Markets in Crypto-Assets (MiCA) license from the Federal Financial Supervisory Authority (BaFin) in Germany. As revealed, this license permits the exchange to offer crypto trading services in all 27 member states of the European Union, including Germany.
Barely a month after securing the license in Germany, Bitpanda also obtained Financial Conduct Authority (FCA) approval from the United Kingdom government to offer digital asset services in the region. As revealed, the exchange intends to offer its products and services, which include staking, savings plans, and crypto indices, to users in the UK.
In December, the exchange also obtained an In-Principle-Approval from the Virtual Assets Regulatory Authority (VARA) to establish its business presence in the United Arab Emirates (UAE). According to the exchange, expanding into the region was a step towards fulfilling its mission of establishing a secure, accessible, and trusted investment worldwide.
Bitpanda partners with Deutsche Bank
In addition to securing licenses from various regulators, the exchange has also engaged in various strategic partnerships. In 2024, it partnered with Deutsche Bank to provide real-time inbound and outbound payment services. As revealed, the partnership planned to improve transaction efficiency and security while also ensuring the provision of more liquidity for users in Germany.
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