Bitpanda receives FCA approval for expansion in the UK following Bafin license

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Bitpanda has been approved by the UK Financial Conduct Authority (FCA) to expand its domestic cryptocurrency services. With this approval, the Austria-based platform is able to offer any digital asset product to UK investors.

This development follows the recent acquisition of the market for Crypto-Assets Regulation (MICAR) licenses from the German Federal Financial Supervisory Authority (BAFIN). The MICAR framework aims to regulate digital asset service providers across the European Union.

Eric Demuth, co-founder and CEO of Bitpanda, source: LinkedIn

“Being a major European crypto platform means being in the UK, and there was no doubt about that,” commented Eric Demuth, CEO and co-founder of Bitpanda.

The company offers access to over 500 cryptocurrencies, which it claims to be one of the broadest products on the market.

“This was the last missing piece to truly serve all Europeans. Now, our focus is clear: we provide products that meet the needs of UK investors. UK investors. Welcome and are ready to take Bitpanda to the next level,” Demus added. .

As part of the expansion, Bitpanda plans to establish a permanent office in the UK. The company will also increase its local workforce and develop products tailored to UK investors.

Call of London – Bitpanda is now FCA approved and expanding to the UK! 🇬🇧
It takes secure, regulated cryptographic platforms to the next level. Currently, it is fully compliant with one of the most important financial markets in the world.
UK investors have access to over 500 cryptocurrencies
– Bitpanda (@bitpanda_global) February 12, 2025

Bitpanda receives VARA approval for UAE extensions

In December, Bitpanda received principled approval from the Virtual Asset Regulatory Authority (VARA) of the United Arab Emirates (UAE) as reported in financial capital letters.

This approval was granted less than eight months after submission. Upon fully licensed, Bitpanda will operate as the Bitpanda Broker Mena DMCC, marking the first expansion outside of Europe.

Previously, Bitpanda established an office at the DMCC Crypto Center in Dubai. Since then, they have hired local experts and formed partnerships with financial institutions and crypto platforms. The company aims to leverage its regulated platform status in Europe to serve investors in the UAE and the wider MENA region.