Bitpanda Obtains German Crypto License

The German Federal Financial Supervisory Authority, or BaFin, has granted Bitpanda a license for cryptocurrency trading and custody.

Bitpanda will now have the legal ability to promote cryptocurrency services to German individuals actively, as well as provide them with crypto custody, proprietary trading for crypto assets, and order book management.

The company’s CEO and co-founder, Eric Demuth, stated in a statement:

“Receiving the licence in Germany is the result of many months of hard work on the part of the entire Bitpanda team and took close cooperation with the team at BaFin. It strengthens our position as a pioneer in terms of regulation in Europe and highlights yet again how well positioned we are in this area. We want to give our customers a safe, secure and simple way to invest.”

Austria, France, Italy, Spain, the United Kingdom, the Czech Republic, and Sweden are the European nations where the exchange has already obtained licenses.

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