Bitpanda Expands Its Footprint: Now Registered as a Crypto Exchange in Spain

Bitpanda’s Spanish Adventure Begins

Bitpanda, the Austrian crypto unicorn that took the world by storm with its $4.1 billion valuation, has just snagged a shiny new registration as a digital currency exchange in Spain. The company popped up in the Bank of Spain’s crypto registry last Thursday, which has been around since October 2021. Currently, it houses 15 crypto companies, but let’s face it, Bitpanda just made its mark stand out.

A Familiar Face in the Spanish Market

Interestingly, Bitpanda didn’t just waltz into Spain out of the blue; it’s been quietly doing its thing since 2014. Talk about a long game! In an interview with Cointelegraph, a Bitpanda representative confirmed its steadfast presence in the Spanish market, proving that sometimes, the quiet ones plot the biggest takeovers.

License to Operate Across Borders

With Spain under its belt, Bitpanda has now received licenses in six European countries. France was their first stop back in December 2020, followed by Sweden and Italy last year. Who knew getting licensed could be a full-time job for a crypto exchange? But wait, there’s more! They’re committed to a meticulous expansion strategy, only moving into new territories once they’ve dotted all their regulatory i’s and crossed their t’s.

Market Safety is No Laughing Matter

Bitpanda co-founder and co-CEO Eric Demuth tossed in a serious note, emphasizing that safety is their top priority amid the shifting sands of the crypto landscape. He stated,

“As recent market developments have shown, where you buy your digital assets matters.”

Sounds somewhat ominous, doesn’t it? But fear not! They’re dedicated to making their platform the safest investment environment across Europe and beyond!

Future Plans: Beyond Spain

In their quest for European dominance, Bitpanda recently acquired Trustology, a UK-based custodian, to launch Bitpanda Custody. This is a stepping stone to roll out Bitpanda Pro, designed to cater to institutional investors. And while they’re eyeing expansion into other European markets, they’re also committed to adhering to local regulations. After all, nobody wants to set off compliance alarms!