Crypto giant Bitpanda has been granted approval by the UK’s Financial Conduct Authority (FCA) to expand its operations in the UK.
The move will give British investors access to Bitpanda’s full suite of over 500 cryptocurrencies – the most extensive offering available on the market.
The Vienna-based business has made the bold claim that it is setting a new standard for secure, compliant, and user-friendly crypto investing in Britain.
“Being Europe’s leading crypto platform means being in the UK – there was no question about it,” said Eric Demuth, CEO and co-founder of Bitpanda.
“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.”
To support its expansion, Bitpanda plans to open a permanent office in the UK and grow its team to develop products tailored to the UK market.
Deputy CEO Lukas Enzersdorfer-Konrad added: “The UK is one of the world’s most significant financial hubs, home to some of the most innovative companies and a thriving cryptoasset economy – the UK is the perfect market for Bitpanda, and we are the perfect company for the UK.
“British investors demand a platform that is safe, secure, and most convenient – Bitpanda is exactly that. Our entry into the UK marks just the beginning of what we plan to bring to this market.”
The company says its FCA approval follows a decade of proactive regulatory efforts.
It holds several licences including a MiCAR licence from the German regulator BaFin, PSD2 E-money licence, a MiFID II licence and registrations as a VASP across multiple markets.
Bitpanda also provides infrastructure solutions through its global digital asset platform Bitpanda Technology Solutions (BTS)
BTS will also be available for UK banks looking to integrate regulated cryptoasset solutions.