Bitpanda has partnered with Coinbase to provide a link between US-listed exchanges and European banks interested in offering digital assets to their customers.
The partnership will allow Coinbase to use Bitpanda Technology Solutions, an infrastructure provider that provides direct connections to banks and fintechs. Despite the damage done to the asset class’s reputation from the crypto winter and bankruptcies last year, banks want to offer crypto to their customers, according to Bitpanda COO Lukas Enzersdorfer-Konrad, who commented on the matter.
Konrad: Banks Recognize Demand for Crypto
Enzersdorfer-Konrad , in an interview with CoinDesk: “Coinbase has liquidity space and they have a custody system. However, a partner can integrate and trade on the Coinbase exchange, purchased and Coinbase Custody“They don’t have all the infrastructure middleware to offer the crypto stored in .
Continuing his statements on the subject, Enzersdorfer-Konrad explained that banks are becoming more and more aware of their customers’ interest in crypto. Konrad continued, “Banks can see data on payment transactions and how much of their customers’ funds flow to crypto companies. “They realize how much business they’re missing out on and how much of their customer base will do it if they trust the process enough.” Bitpanda already has crypto connections with a number of banks, neo-banks and fintech platforms, including Raiffeisenlandesbank, N26, Lydia, Plum and Hype.
The partnership is Coinbase’s head of institutional sales for the EMA and APAC regions. Guillaume Chatainwas also enthusiastically received.
Chatain stated that he is pleased with the partnership with Bitpanda to jointly serve institutions that want to bring compatible, robust crypto services to the market and their customers.
