Bitpanda has achieved several significant milestones in Q1 of 2024, and further cemented its position as the market leader in Europe. All of these new benefits can be unlocked by banks and financial institutions via Bitpanda’s B2B-platform, Bitpanda Technology Solutions (BTS), in as little as 3 months.
With nearly ten years experience delivering a leading offering to the European market, Bitpanda now boasts over 4.5 million European users in nearly 30 countries, after a significant period of growth. After steadily adding new assets to the platform in the last year, Bitpanda is now the broker with the largest crypto offering in Europe (as of 25 April 2024: 411 cryptocurrencies) – all of which are also available to partner banks, fintechs, (neo-)brokers and crypto companies via BTS. This is in addition to over 2,800 digital assets that include stocks, ETFs, precious metals, and commodities, making Bitpanda one of the most comprehensive and regulated crypto platforms in Europe.
BTS, which provides the infrastructure to unlock trading for over 19.5 million customers across Europe, continues to offer its partners a world-class, safe and simple way to benefit from the strong growth in demand for safe access to digital assets from institutional and retail investors in recent months. The platform allows traditional banks, fintechs, (neo-)brokers and crypto companies to integrate a modular and scaled 24/7 trading infrastructure and offer trading, investing and custody services across every asset class in a modular way.
Partners can build their own user experiences on an ISO 27001 certified and battle-proofed infrastructure incl. features such as savings plans, asset-to-asset swaps and crypto staking functionality.
Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, commented: “We knew when we launched BTS that it was going to cause significant disruption in the European banking space. Competition has never been more fierce for banking customers, because more people across Europe are taking an interest in their finances, including exploring crypto assets. With BTS our partners get a licensed, modular, secure and scalable trading infrastructure that they can rely on in just a few months. Tokenization is here to stay, access to it is now the benchmark by which banks are being measured, and that’s what BTS enables them to do.”
Many of Europe’s biggest names have already unlocked digital assets trading for their customers thanks to BTS and taken advantage of the licence integration on offer. With MiCA set to be implemented later this year, Bitpanda has focused on its wider range of licences in Q1, and recently agreed an extension of its MiFID II licence by the Austrian Financial Markets Authority. The licence extension covers proprietary trading and custody of financial instruments and is valid in any EU member state thanks to passporting laws.
Philipp Bohrn, Managing Director and Head of Regulatory at Bitpanda, commented: “This licence extension is another important building block. The corresponding law was only introduced in February 2023 and we received the corresponding licence just under a year after we applied. Bitpanda is the first provider of virtual currencies to have all the relevant licences to offer not only virtual currencies but also financial instruments in full to its customers throughout the European Union. For us at Bitpanda, regulatory compliance is not only a core part of our strategy, but also a key differentiator from other players in this market. Bitpanda actively seeks exchange with regulators and will continue to do so within the framework of MiCAR”.
In January BTS’ partnership with Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) went live and customers of RLB NÖ-Wien gained access to over 2,000 digital assets from a range of asset classes. The White-Label-Solution has been developed to work seamlessly within RLB’s existing digital offering.
More recently, BTS’ partnership with N26 was expanded to Spain and France, bringing digital assets trading to N26’s customers in those countries.
Additionally, BTS secured a significant new partnership with the largest federal state bank in Germany, Landesbank Baden-Württemberg (LBBW). LBBW will be the first bank in Europe to provide its corporate customers with direct access to crypto assets. It will be fully integrated into the bank’s existing banking portal, and will be available to all corporate customers in the coming months.
