Two established crypto exchanges, Bitpanda and Coinbase, have entered a mutually useful partnership. Coinbase will use Bitpanda Technology Solutions to supply companies to institutional shoppers outdoors of the United States, whereas Bitpanda will add Coinbase Exchange to its community of permitted liquidity suppliers.
Announced on Thursday, the collaboration will allow “Coinbase to offer one of the most scalable Investing-as-a-Service infrastructures to their institutional clients, such as banks and financial institutions outside of the United States.”
The partnership may even present “institutions the ability to leverage Bitpanda’s vast set of regulatory licences and KYC-as-a-service to speed up their go-to-market time across Europe, all with the look and feel of their own brand — their design, our technology.”
Headquartered in Austria, Bitpanda was based in 2014 and now has turn out to be a distinguished European crypto buying and selling venue. Apart from its house nation, the trade can be regulated in Spain, France, Germany, Italy, and some different European nations.
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The trade additionally entered the United Kingdom final yr, buying London-based Trustology, a regulated institutional cryptocurrency custodian pockets supplier. It rebranded that FCA-regulated operation to Bitpanda Custody.
Bitpanda additionally registered itself with the UK’s FCA as a crypto trade, which is obligatory for any crypto enterprise within the nation. However, it’s but to supply trade companies to UK residents.
A White-Label Crypto Service?
“Since launching our innovative Investment—as-a-Service (IaaS) solution, Bitpanda Technology Solutions, we’ve gained the trust of leading fintechs, traditional banks and online platforms to bring an easy and swift route to meeting the increasing demand for modern investing solutions,” the announcement acknowledged.
From as we speak @Bitpanda_global and @Coinbase are going to be companions. This deal was based mostly round our shared imaginative and prescient for the way forward for digital belongings, and our shared values of belief, transparency, and safety. Exactly the kind of collaboration our trade wants extra of.… pic.twitter.com/iJj0RWh9bR
— Eric Demuth (@eric_demuth) May 25, 2023
Coinbase, a US-listed cryptocurrency trade, is accelerating its European presence when it locked horns with the securities market regulator within the US. The trade is anticipating enforcement motion once more following a Wells Notice by the Securities and Exchange Commission. However, Coinbase additionally dragged the SEC to courtroom for not clarifying the crypto-rule-making course of.
Earlier this month, Coinbae launched a derivatives trade outdoors the US. It additionally obtained a Bermuda license earlier this yr following the trade’s CEO, Brian Armstrong, hinted that Coinbase might depart the US.
Two established crypto exchanges, Bitpanda and Coinbase, have entered a mutually useful partnership. Coinbase will use Bitpanda Technology Solutions to supply companies to institutional shoppers outdoors of the United States, whereas Bitpanda will add Coinbase Exchange to its community of permitted liquidity suppliers.
Announced on Thursday, the collaboration will allow “Coinbase to offer one of the most scalable Investing-as-a-Service infrastructures to their institutional clients, such as banks and financial institutions outside of the United States.”
The partnership may even present “institutions the ability to leverage Bitpanda’s vast set of regulatory licences and KYC-as-a-service to speed up their go-to-market time across Europe, all with the look and feel of their own brand — their design, our technology.”
Headquartered in Austria, Bitpanda was based in 2014 and now has turn out to be a distinguished European crypto buying and selling venue. Apart from its house nation, the trade can be regulated in Spain, France, Germany, Italy, and some different European nations.
Keep Reading
The trade additionally entered the United Kingdom final yr, buying London-based Trustology, a regulated institutional cryptocurrency custodian pockets supplier. It rebranded that FCA-regulated operation to Bitpanda Custody.
Bitpanda additionally registered itself with the UK’s FCA as a crypto trade, which is obligatory for any crypto enterprise within the nation. However, it’s but to supply trade companies to UK residents.
A White-Label Crypto Service?
“Since launching our innovative Investment—as-a-Service (IaaS) solution, Bitpanda Technology Solutions, we’ve gained the trust of leading fintechs, traditional banks and online platforms to bring an easy and swift route to meeting the increasing demand for modern investing solutions,” the announcement acknowledged.
From as we speak @Bitpanda_global and @Coinbase are going to be companions. This deal was based mostly round our shared imaginative and prescient for the way forward for digital belongings, and our shared values of belief, transparency, and safety. Exactly the kind of collaboration our trade wants extra of.… pic.twitter.com/iJj0RWh9bR
— Eric Demuth (@eric_demuth) May 25, 2023
Coinbase, a US-listed cryptocurrency trade, is accelerating its European presence when it locked horns with the securities market regulator within the US. The trade is anticipating enforcement motion once more following a Wells Notice by the Securities and Exchange Commission. However, Coinbase additionally dragged the SEC to courtroom for not clarifying the crypto-rule-making course of.
Earlier this month, Coinbae launched a derivatives trade outdoors the US. It additionally obtained a Bermuda license earlier this yr following the trade’s CEO, Brian Armstrong, hinted that Coinbase might depart the US.
