Crypto unicorn Bitpanda snaps up FCA-registered custodian in first acquisition

Vienna-based Bitpanda has acquired Trustology in a deal worth tens of millions of dollars.Bitpanda, the Austrian investment platform, has acquired British crypto and DeFi custodian Trustology to boost its offering for professional investors.

While the company did not disclose an exact valuation, a spokesperson confirmed that it had spent a “significant two-digit million” sum in US dollars on the deal. Eric Demuth, co-founder and CEO of Bitpanda, said in a statement the launch of a custody service will bring the firm “one step closer to building a leading, fully regulated and secure digital investment platform for everyone, new investors and professionals alike.”as a crypto-assets firm with the UK's Financial Conduct Authority since October 2021 — one of only a few dozen crypto startups to have satisfied the regulator’s anti-money laundering requirements.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto winter 2022: Here’s what crypto industry veterans expectThe crypto industry has plenty of time to nurture long-term sustainable projects as the next bull market is likely to happen no earlier than in 2024, according to industry execs. Haha always those future telling predictions…. in 2018 year no one tell about bear market 😇支持支持！thanks~~
Source: Cointelegraph - 🏆 562. / 51 Read more »

KB Bank to launch South Korea’s first crypto investment fundSouth Korea’s largest bank, KB Bank, announced that it plans to launch several crypto investment funds as soon as possible. These will be the first such funds offered by a bank in the country.
Source: Cointelegraph - 🏆 562. / 51 Read more »