Mark Weaden
Austrian cryptocurrency exchange Bitpanda has received confirmation of registration in Spain, allowing the company to provide its range of services and products to Spanish transfers and investors.
Having recently been greenlit to work in France, Italy, Sweden, and the Czech Republic, it’s more good news for the company. The company was valued at $4.1 billion last summer, but not having expanded into various companies across Europe, the company is establishing itself as one of the bigger exchanges.
Spain Registers Bitpanda
The digital currency exchange and digital asset custody service provider will be able to operate in Spain, having received approval from the Bank of Spain’s registry for crypto enterprises. The registry was created in October 2021 and now includes 15 companies.
The approval of Bitpanda marks the sixth European country to allow the exchange to operate. The Vienna-based company has registered with the Financial Markets Authority of France since the end of 2020. Then, in May and June 2022, the company received the go from Sweden authorities, as well as being one of the first to receive the Italian virtual asset services provider (VASP) licence.
Bitpanda’s co-founder and joint CEO Eric Demuth wanted to reinforce the fact the platform will provide a safe trading environment, despite the current crisis. “As recent market developments have shown, where you buy your digital assets matters and we are going to always be prioritising the safety of our community, as we are working relentlessly to build the best and the safest investment platform in Europe and beyond.”
Bitpanda Working Hard In 2022
Back in February, Bitpanda acquired UK-based Trustology, which is a crypto custodian and wallet service provider. The aim of the company was to use the software and rebrand it to Bitpanda Custody, providing custody services for investors.
The acquisition of Trustology was one step closer to the launch of Bitpanda Pro, which would provide experienced traders with a prime brokerage platform, as well as an over-the-counter trading desk.
Bitpanda’s rapid expansions across Europe in 2022 will help to boost the company’s profile and reach new customers. With the company looking to expand further, we expect to hear more from this exchange this year.
