Austrian cryptocurrency platform Bitpanda has officially expanded its footprint in the UK after receiving regulatory approval from the Financial Conduct Authority (FCA).
Bitpanda's Comeback After Regulatory Challenges
Bitpanda’s return to the UK market underscores its commitment to regulatory compliance and long-term expansion. While the platform continued to serve existing customers despite pausing new user onboarding in 2023, it actively worked to secure the necessary approvals to fully resume operations. Bitpanda has held a crypto custody license for business clients in the UK since 2021, demonstrating an established presence in the market.
No UK-Specific Tokens, but an Expanding Portfolio
According to Lukas Enzersdorfer-Konrad, Bitpanda's deputy CEO, UK investors will have the same range of cryptocurrencies as their European counterparts. The platform's range is constantly expanding, with over 100 new coins listed last year. However, there are no current plans for UK-specific tokens.
Bitpanda's Strategy in Regulation and Expansion
Bitpanda recently secured a license under the European Union’s MiCA framework, which allows it to operate seamlessly across all 27 EU member states. This highlights the company's commitment to adhering to both current and future regulatory standards.
Bitpanda's expansion in the UK and its MiCA licensing in the EU demonstrate its ambition to play a leading role in the crypto market while adhering to both UK and EU regulatory standards.
