Austrian cryptocurrency exchange, Bitpanda has secured a Financial Conduct Authority (FCA) approval from UK government to provide digital asset services in the region. The exchange confirmed the development in a blog post released today.
According to the post, Bitpanda is not only expanding into a new market, but also setting a new standard for secure, compliant, and user-friendly crypto investment in the United Kingdom. The exchange also intends to onboard its comprehensive range of crypto products and services. As revealed, these services include staking, savings plans, and crypto indices.
In addition, obtaining approval from one of the most respected global regulators further highlights Bitpanda’s commitment to regulatory compliance and security within the crypto industry. This feat also reflects the exchange’s dedication to fostering trust and integrity, cementing its position as one of the most trusted platform in the industry.
With this approval, retail investors now have access to over 500 cryptocurrencies on a single secure platform. Investors also get to enjoy Bitpanda staking, which allows them to earn rewards on digital assets. In the same vein, users can also create a “set-and-forget” strategy which allows them to automatically purchase assets on a weekly, biweekly, or monthly basis.
The FCA approval also allows UK investors to integrate Bitpanda’s regulated infrastructure into their offerings. With Bitpanda Technology Solutions (BTS), major banks and fintech in the country can now offer crypto trading, investment, and custody services with full regulatory oversight.
Meanwhile, the CEO and Co-Founder of Bitpanda, Eric Demuth has given his insight on the approval. According to Demuth, the FCA approval was the last missing piece to truly serving all Europeans. The executive added that the exchange is ready to meet the needs of investors while elevating Bitpanda to its next level.
Bitpanda secures MiCAR license from German regulator
It is worth noting this approval follows the exchange’s recent acquisition of Market in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal Financial Supervisory Authority (BaFin). As revealed, the MiCAR license was established to create a framework that regulates digital assets service providers across the European Union.
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