Generative Data Intelligence

Bitpanda Secures MiCAR Approval from BaFin, Enabling Service Across 27 EU Countries

Date:

Node: 4355840

Bitpanda has received its MiCAR (Markets in Crypto-Assets
Regulation) licence from Germany’s Federal Financial Supervisory Authority
(BaFin). This development allows the company to operate across all EU member
states under a unified regulatory framework.

The licence was issued by BaFin, known for its oversight of
financial markets. MiCAR sets new standards for transparency, security, and
compliance within the crypto industry in Europe.

Eric Demuth, Co-Founder and CEO of Bitpanda, Source: LinkedIn

“With this licence Bitpanda is setting a new standard
for the crypto industry, paving the way for secure and regulated services
across Europe,” Eric Demuth, CEO and Co-Founder of Bitpanda, commented.

Founded in 2014, Bitpanda expanded its user base from 1
million in 2019 to 4 million by 2023. By June 2024, it reached 5 million users,
growing to 6 million by December of the same year. The MiCAR licence is
expected to facilitate further growth in 2025. With the MiCAR licence, Bitpanda
plans to offer its full range of products and services to retail and
institutional clients throughout the EU.

“This licence has immediate validity – unlike
in-principle licences announced by other crypto platforms which are neither
valid nor exist at all. This milestone enables us to bring easy and safe
investing to over 450 million people, unlocking unparalleled growth potential
in a market we’re ready to fully conquer,” Demuth added.

New MiCAR Licence Enables Bitpanda Services

MiCAR introduces a single regulatory regime for the crypto
industry, reducing operational complexity and costs. This allows Bitpanda to
scale its services more efficiently across 27 EU countries. Bitpanda holds 17
licences, including a PSD2 E-money licence and a MiFID II licence.

“With MiCAR, we are not just meeting the industry’s
highest standards, we are setting them. Our focus now is on using this licence
to accelerate adoption and growth across the European market,” Lukas
Enzersdorfer-Konrad, Deputy CEO at Bitpanda conclued.

Bitpanda has received its MiCAR (Markets in Crypto-Assets
Regulation) licence from Germany’s Federal Financial Supervisory Authority
(BaFin). This development allows the company to operate across all EU member
states under a unified regulatory framework.

The licence was issued by BaFin, known for its oversight of
financial markets. MiCAR sets new standards for transparency, security, and
compliance within the crypto industry in Europe.

Eric Demuth, Co-Founder and CEO of Bitpanda, Source: LinkedIn

“With this licence Bitpanda is setting a new standard
for the crypto industry, paving the way for secure and regulated services
across Europe,” Eric Demuth, CEO and Co-Founder of Bitpanda, commented.

Founded in 2014, Bitpanda expanded its user base from 1
million in 2019 to 4 million by 2023. By June 2024, it reached 5 million users,
growing to 6 million by December of the same year. The MiCAR licence is
expected to facilitate further growth in 2025. With the MiCAR licence, Bitpanda
plans to offer its full range of products and services to retail and
institutional clients throughout the EU.

“This licence has immediate validity – unlike
in-principle licences announced by other crypto platforms which are neither
valid nor exist at all. This milestone enables us to bring easy and safe
investing to over 450 million people, unlocking unparalleled growth potential
in a market we’re ready to fully conquer,” Demuth added.

New MiCAR Licence Enables Bitpanda Services

MiCAR introduces a single regulatory regime for the crypto
industry, reducing operational complexity and costs. This allows Bitpanda to
scale its services more efficiently across 27 EU countries. Bitpanda holds 17
licences, including a PSD2 E-money licence and a MiFID II licence.

“With MiCAR, we are not just meeting the industry’s
highest standards, we are setting them. Our focus now is on using this licence
to accelerate adoption and growth across the European market,” Lukas
Enzersdorfer-Konrad, Deputy CEO at Bitpanda conclued.

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