Bitpanda Secures MiCA License from BaFin
Crypto exchange Bitpanda has announced that it has successfully obtained a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin). This significant achievement allows the Austria-based exchange to operate across the 27 nations of the European Union.
As of December, Bitpanda boasted a user base of 6 million individuals and aims to leverage this new license to accelerate its expansion. In a statement, Eric Demuth, the CEO and co-founder of Bitpanda, expressed his enthusiasm, stating, “This milestone enables us to bring easy and safe investing to over 450 million people, unlocking unparalleled growth potential in a market we’re ready to fully conquer.“
With this license, Bitpanda joins the ranks of other notable companies that have received MiCA licenses, including Boerse Stuttgart Digital, which was the first to be awarded by the German regulator. Additionally, MoonPay, BitStaete, ZBD, and the prime brokerage and clearing firm Hidden Road have also secured similar licenses.
