Austrian crypto platform Bitpanda has received approval from the UK's Financial Conduct Authority (FCA), allowing it to offer more than 500 cryptocurrencies to local investors.
FCA Approval and Service Expansion
Bitpanda secured FCA approval after halting new user registrations. The company now provides the broadest range of digital assets available to UK investors.
Bitpanda's Plans and Offerings
New offerings include trading, staking, savings plans, and crypto indexes. Bitpanda is also partnering with Deutsche Bank to ensure operations in key markets. The company plans to open a new office in Dubai, showing its intent to expand into the Middle Eastern market.
Regulatory Framework and MiCA Influence
The MiCA license allows Bitpanda to operate across all 27 EU member states, facilitating crypto solutions and active collaborations with banks such as Raiffeisen.
With FCA approval, Bitpanda strengthens its position in the UK and EU markets. The platform aims to expand its presence and offer advanced crypto solutions both within and outside the EU.
