Coinspeaker
Austrian Exchange Bitpanda Obtains German Crypto License through Its Local Unit
Bitpanda recently secured a German crypto license to offer custody and proprietary trading services in the European nation. Expounding on the licensing development, the Austrian crypto exchange and multi-faceted trading platform explained:
“Additionally, Bitpanda will be able to maintain an order book and directly market services for crypto assets, enabling them to provide a secure and regulated environment for German customers to invest in a wide range of cryptocurrencies.”
Bitpanda obtained the license from the German Federal Financial Supervisory Authority (BaFin). Furthermore, this development comes in the aftermath of the epic collapse of Bahamian-based crypto exchange FTX.
According to Bitpanda co-founder and chief executive officer Eric Demuth, the German license was months in the making. Also, alluding to reports that FTX diverted customers’ funds towards propping up sister firm A
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