Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so

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Bitpanda lands in Germany with a crypto custody license under the belt.

Having obtained this licence, the Austrian-based crypto exchange can now legally market its services to residents of Germany. Bitpanda also claimed to be the first retail crypto exchange based out of Europe to have achieved this distinction.

Previously, the license has been obtained by four other crypto-related firms: Coinbase, Kapilendo, Tangany, and Upvest. The latter three cater to institutional investors. While U.S.-based Coinbase is a retail investment platform. Bitpanda claims to be the first “European” retail crypto platform to get the licence because it is based in Austria.

 

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