Bitpanda has reached another regulatory milestone, securing approval from the UK’s Financial Conduct Authority (FCA) to operate in the United Kingdom. Bitpanda is a top Fintech success story emerging from Austria.
Alongside the MiCAR license, this means that Bitpanda will aim to cement its position as one of Europe’s crypto platforms.
By bringing its range of crypto products, including staking, savings plans and crypto indices, to the UK, Bitpanda is aiming to set a standard for secure, compliant, and user-friendly crypto investing in the United Kingdom.
Receiving approval from the FCA underscores Bitpanda’s commitment to regulatory compliance and security in the crypto space.
Eric Demuth, CEO and Co-Founder of Bitpanda, commented:
“Being Europe’s leading crypto platform means being in the UK – there was no question about it. 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.”
For retail investors, it means access to Bitpanda’s product range, including:
- 500+ cryptocurrencies – Access to the widest selection of cryptocurrencies available on the market, all on one secure platform
- Bitpanda Staking – The ability to earn rewards on digital assets
- Bitpanda Savings Plans – Users can set up automatic asset purchases on a weekly, biweekly, or monthly basis, creating a “set-and-forget” strategy
- Bitpanda Crypto Indices – A simple way for investors to diversify portfolios and support the themes that they believe in
For banks, FIs, and crypto platforms, it means that they can integrate Bitpanda’s infrastructure into their offerings.
Through Bitpanda Technology Solutions (BTS), banks and fintechs in the UK can offer crypto trading, investment, and custody services “with full regulatory oversight.”
Bitpanda’s growth, from 1 million users in 2019 to 6 million by Dec 2024, speaks to their commitment to innovation.
With the MiCAR license, the stage is set for expansion in 2025, “leveraging EU-wide synergies to enhance its services.”
The company plans to reopen its UK office and “expand its team to develop products tailored for British investors.”
