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Austrian cryptocurrency platform Bitpanda has secured regulatory approval from the UK's Financial Conduct Authority (FCA) to expand its operations into the British market.
The approval allows the company to offer its full range of cryptocurrency products to UK customers, including staking services, automated savings plans, and crypto indices. The platform currently provides access to more than 500 cryptocurrencies.
"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," said Eric Demuth, CEO and Co-Founder of Bitpanda.
The FCA authorisation follows Bitpanda's recent acquisition of a Markets in Crypto-Assets Regulation (MiCAR) licence in the European Union, positioning the company to operate under comprehensive regulatory frameworks in both jurisdictions.
The company plans to reopen its UK office and expand its local team to develop products specifically for British investors. Through its Bitpanda Technology Solutions division, the firm will also offer white-label cryptocurrency trading, investment, and custody services to UK banks and financial institutions.
Bitpanda reports its user base has grown from 1 million in 2019 to 6 million by December 2024. The company claims to hold more regulatory licences and registrations than any other cryptocurrency platform in Europe.
