Coinbase Crypto exchange, the largest United States cryptocurrency platform, has struck a license agreement with Bitpanda, a Vienna-based company, to expand its Digital Investment Services universally. Further, the arrangement will see Coinbase Crypto exchange added as a liquidity provider for Bitpanda Technology Solutions, Bitpanda’s ‘’investing-as-service’’ arm. It’s worth noting that, it will commence using Coinbase Crypto exchange Prime’s Custody services.
The institutional clients of the platform can integrate trading infrastructure to start offering their customers trading, investment, and custody tools for a range of assets, including stocks and cryptocurrency. Austrian bank Raiffeisenlandesbank, German neobank N26, French fintech company Lydia and the UK’s Plum are already using the service.
Still, Coinbase’s liquidity and Coinbase Crypto exchange Prime’s custody solution will support all operations. Further, both corporations have emphasized that they are regulated entities with high KYC standards.
Coinbase: No Introduction Needed
As the leading figure in the US’s cryptocurrency ecological system, Coinbase Crypto exchange is renowned for its market-leading liquidity and innovative blockchain tech. Like Bitpanda, Coinbase Crypto exchange believes cryptocurrency and blockchain tech can increase economic freedom and opportunities worldwide.
This drives us to comprehend why this partnership makes perfect sense. Both corporations share a common goal of making assets in digital assets safe, secure, and simple — all in a regulated way. Through this partnership, Coinbase Crypto exchange will introduce Bitpanda to its institutional clients, enabling them to leverage a digital trading solution within Europe that embodies these fundamental principles. This marks a critical step towards opening digital investment investing to numerous customers.
Bitpanda Executive on The Partnership
Giving his remarks concerning the partnership, Lukas Enzersdorfer-Konrad, deputy CEO and COO of Bitpanda, noted :
Bitpanda and Coinbase Crypto exchange share an ambition — to make investing in digital assets safe and secure in a regulated way. At a time of unparalleled opportunity for the industry to harness the capacity of digital assets for its customers, we are coming together to define a clear future and drive forward that ambition.
Coinbase’s European effort comes just days after the European Parliament approved the much-anticipated Markets in Crypto-Assets (MiCA) regulatory framework for its cryptocurrency industry. Aside from relaxing regulations in the European market, Coinbase Crypto exchange attempts to set up deeper roots outside the United States regardless of a regulatory crackdown.