Bitpanda Gains FCA Approval to Expand in UK Following BaFin License

2025-02-14 13:51:02 Primitive Reading

From financemagnates by Tareq Sikder

Bitpanda has received approval from the UK’s Financial Conduct Authority (FCA) to expand its cryptocurrency services in the country. The approval allows the Austria-based platform to offer its full range of digital asset products to UK investors.

This development follows Bitpanda’s recent acquisition of a Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal Financial Supervisory Authority (BaFin). The MiCAR framework is intended to regulate digital asset service providers across the European Union.

Bitpanda Secures FCA Approval for UK Expansion

Eric Demuth, Co-Founder and CEO of Bitpanda, Source: LinkedIn

“Being Europe’s leading crypto platform means being in the UK—there was no question about it,” Eric Demuth, CEO and Co-Founder of Bitpanda, commented.

The company provides access to over 500 cryptocurrencies, which it claims is one of the most extensive offerings in the market.

“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 level,” Demuth added.

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

Bitpanda Receives VARA Approval for UAE Expansion

In December, Bitpanda received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE), as reported by Finance Magnates.

This approval was granted in less than eight months after submission. Once fully licensed, Bitpanda will operate as Bitpanda Broker MENA DMCC, marking its first expansion outside of Europe.

Earlier, Bitpanda established an office at the DMCC Crypto Centre in Dubai. Since then, it has hired regional 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.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.