Bitpanda Expands to the UK After Securing FCA Approval

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Veronika Rinecker

Crypto Journalist

Veronika Rinecker

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Veronika Rinecker is based in Germany and studied international journalism and media management. She specializes in reporting on topics such as politics and regulation, energy, blockchain, and…

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Bitpanda Expands to the UK After Securing FCA Approval

Bitpanda, European cryptocurrency platform, has officially received approval from the UK’s Financial Conduct Authority (FCA) to expand its operations into the British market.

This FCA’s approval enables Bitpanda to provide UK investors with access to crypto trading, staking services, savings plans, and crypto indices.

A Key Market for Bitpanda’s Growth

The UK is recognized as one of the world’s foremost financial hubs, making it an attractive market for digital asset platforms.

Bitpanda aims not just to enter the market but to set new standards for secure and user-friendly crypto investing, according to the company’s announcement from Feb. 12.

“If you want to be Europe’s leading crypto platform, the UK simply has to be part of the equation – that was never a question for us,” said Eric Demuth, CEO and co-founder of Bitpanda.

To support this expansion, Bitpanda will open a permanent office in the UK and expand its local team to develop products specifically for the British market.

Extensive Regulatory Licenses Across Europe

Founded in Vienna in 2014, Bitpanda has grown into a major fintech unicorn, offering a wide range of digital assets, including over 500 cryptocurrencies, as well as stocks, exchange-traded funds (ETFs), precious metals, and commodities. In addition to Vienna, Bitpanda has offices across Europe – in Amsterdam, Barcelona, Berlin and Bucharest.

Beyond the FCA approval, the crypto exchange holds multiple licenses, including a MiCAR license from Germany’s BaFin, a PSD2 e-money license, a MiFID II license, and VASP registrations across several European countries.

In January 2024, Bitpanda launched Bitpanda Wealth, a trading platform offering institutional crypto services to high-net-worth individuals, family offices, external asset managers, and corporate treasuries.

Moreover, Bitpanda’s ecosystem includes Bitpanda Technology Solutions (BTS), a leading digital asset infrastructure provider. BTS is already integrated with major European banks such as LBBW, RLB, and N26.

Now, British financial institutions can also leverage BTS for regulated trading, investment, and custody services, seamlessly integrating Bitpanda’s product suite into their offerings.

According to Bloomberg, citing people familiar with the matter, Bitpanda is currently working with traditional financial (TradFi) giants Citigroup and JPMorgan. Additionally, options under consideration include a potential sale of the company or an initial public offering (IPO) in Frankfurt.

Any deal that the Vienna-based company signs could potentially value it at a minimum of $4 billion. Should the company proceed with such a deal, it is expected to take place in the near future, likely in 2025.

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