Bitpanda has secured regulatory approval from the UK’s Financial Conduct Authority (FCA), allowing it to expand its services in the country.
In a February 12 blog post, the Austrian cryptocurrency exchange confirmed that it is now authorized to offer over 500 cryptocurrencies to UK investors. The also approval enables it to provide a full suite of crypto services, including staking, savings plans, and crypto indexes.
Eric Demuth, Bitpanda’s CEO and Co-Founder, emphasized the significance of entering the UK market, stating,
“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. Now, our focus is clear: deliver a product that meets the needs of UK investors. We’re ready to welcome British investors and take Bitpanda to the next levell.”
As part of its expansion strategy, Bitpanda plans to establish a permanent UK office and grow its local workforce. The company aims to develop tailored investment products to meet the needs of British investors.
Bitpanda’s return to the UK comes after it suspended new customer sign-ups in October 2023 due to changes in the FCA’s Financial Promotions (FinProm) regime. Since then, existing UK customers have been able to continue using their accounts, but the latest approval now allows Bitpanda to fully relaunch its services.
The company has been a registered crypto custody provider for business clients in the UK since 2021 and has maintained a local team throughout this period.
The UK approval follows Bitpanda’s recent acquisition of a Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal Financial Supervisory Authority (BaFin). The exchange confirmed that its UK platform will align with its European offerings, with no immediate plans to introduce UK-specific tokens. The company continues to expand its crypto listings, having added over 100 new coins last year.
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