Bitpanda, Europe’s fastest-growing digital investment platform, has recently signed a licensing deal with Coinbase, the biggest cryptocurrency exchange in the United States. The deal will allow Bitpanda to use Coinbase’s technology infrastructure and services, including Coinbase’s institutional-grade custody solution, to expand its business into new markets.
The deal marks a major milestone for Bitpanda, which has been rapidly expanding its business in Europe since its launch in 2014. With more than 3 million users across 32 countries, Bitpanda has become a leading digital investment platform in Europe, offering a wide range of investment options, including stocks, bonds, cryptocurrencies, and commodities.
With the help of Coinbase’s infrastructure and services, Bitpanda aims to expand its business further into the global arena and offer its users more secure and reliable digital investment options. The licensing deal will also allow Bitpanda’s users to easily and securely buy and sell cryptocurrencies, as Coinbase’s institutional-grade custody solution will store their digital assets in cold storage, providing maximum security and protection against hacks and theft.
The deal comes at a time when interest in cryptocurrencies and digital assets is surging globally. As the world becomes more digitized and globalized, people are increasingly turning to digital investments as a way to diversify their portfolios and hedge against inflation and market volatility. This has created a massive opportunity for digital investment platforms like Bitpanda, which offer an easy and affordable way for investors to access a wide range of digital assets and cryptocurrencies.
The licensing deal with Coinbase will help Bitpanda capitalize on this opportunity by allowing it to leverage Coinbase’s leading technology infrastructure and services, including its institutional-grade custody solution, which is widely regarded as one of the best in the industry. With this technology, Bitpanda will be able to offer its users a more secure and reliable digital investment experience, which will help it attract more users and increase its market share.
One of the key benefits of the partnership between Bitpanda and Coinbase is that it will allow Bitpanda to expand its business into new markets, particularly in the United States, where Coinbase is the leading cryptocurrency exchange. By leveraging Coinbase’s technology, Bitpanda will be able to offer its services to US-based investors, which will help it tap into one of the world’s largest markets for digital investments.
Furthermore, the partnership will help Bitpanda attract more institutional investors to its platform. Coinbase’s institutional-grade custody solution is widely regarded as one of the best in the industry, and it has already attracted many institutional investors to Coinbase’s platform. By using Coinbase’s technology infrastructure and services, Bitpanda will be able to offer its institutional clients the same level of security and reliability as Coinbase, which will help it attract more institutional investors to its platform.
The licensing deal is also a significant development for the digital investment industry as a whole. It shows that established players in the industry are beginning to collaborate instead of compete, which will help the industry grow and mature. By working together, Bitpanda and Coinbase will be able to offer their users a more comprehensive range of digital investment options, which will help the industry attract more investors and grow rapidly.
In conclusion, the partnership between Bitpanda and Coinbase marks a significant milestone for the digital investment industry and is a positive development for investors looking to diversify their portfolios with digital assets. By leveraging Coinbase’s technology infrastructure and services, Bitpanda will be able to expand its business into new markets, attract more users, and offer its users a more secure and reliable digital investment experience. It will be interesting to see how the partnership evolves and how it impacts the digital investment industry as a whole.
Vienna-based Bitpanda has signed a licensing deal with Coinbase, which will see the US crypto exchange added as a liquidity provider for Bitpanda Technology Solutions. Bitpanda’s “investing-as-a-service” subsidiary will also use Coinbase Prime’s custody services. The arrangement will allow Coinbase Institutional clients outside the US to white-label Bitpanda’s platform. Institutional clients of the platform can integrate trading infrastructure to start providing their own customers with trading, investment and custody tools for a range of assets including stock and crypto. Raiffeisenlandesbank, N26, Lydia and Plum are among those that currently use the service.
In an announcement regarding the deal, both companies emphasised that they were regulated entities with high know your customer (KYC) standards. “Bitpanda and Coinbase share an ambition — to make investing in digital assets safe and secure in a regulated way,” said Lukas Enzersdorfer-Konrad, deputy CEO and COO of Bitpanda. “At a time of unparalleled opportunity for the industry to harness the potential of digital assets for its customers, we are coming together to define a clear future and drive forward that ambition.”
The move by Coinbase to build deeper roots outside the US comes amid a regulatory crackdown on the platform in the region. In recent months, the company secured a license to operate an international exchange out of Bermuda, where it plans to offer derivatives trading, while expanding its offering in Singapore.
This deal with Bitpanda also highlights how Coinbase is actively seeking partnerships to increase its products and services around the world and continue to provide high-quality offerings. While the past year or so has been rough for the crypto space in general as regulatory authorities take aim at the asset class, many traditional financial institutions are taking note of the potential value proposition of crypto…
continued growth in the area of Crypto can create opportunities for those with adept and experienced knowledge. As more partnerships are formed, the more legitimacy is added to the Crypto market as whole. These developments can lead to more investors and more adoption of Crypto by mainstream finance as it becomes more of an established and familiar asset class.
Similarly, advances in the use of blockchain, DeFi and cryptocurrencies could bring efficiency and cost savings to established financial sectors such as real estate, supply chain, healthcare, supply chain, lending, and more. Investors should keep a close eye on firms that focus keenly on utilizing these technologies to create a more modern financial system that can bring added value to those looking for growth opportunities.