Bitpanda to provide crypto custody with the acquisition of FCA-approved Trustology

📆 2022/02/23 9:07:00
📰 Cointelegraph

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Crypto unicorn bitpanda acquires FCA-approved crypto custodian and wallet service provider TrustologyIO, the first step towards launching its prime brokerage service Bitpanda pro.

Bitpanda, a Vienna-based crypto exchange platform, has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider, for an undisclosed amount.

The crypto platform’s first-ever acquisition comes after a series of fundraising rounds throughout 2021. The crypto exchange platform raised a total of $450 million in multiple funding rounds, giving it a, and now the platform looks to expand its services and build a crypto brokerage ecosystem like many other leading crypto platforms.

“Through Trustology’s technology, we will be able to offer custody solutions to all of our customers — whether retail or institutional,” Bitpanda founder and CEO Eric Demuth told Cointelegraph. He added:

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Crypto unicorn Bitpanda snaps up FCA-registered custodian in first acquisitionBitpanda, the Austrian investment platform, has acquired British crypto and DeFi custodian Trustology for an undisclosed sum.
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