Bitpanda Secures Crypto Trading License in Germany
Austrian fintech company Bitpanda has received a license to trade crypto assets in Germany, enabling it to operate across 27 European countries. The platform currently serves over 6 million users.
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Austrian fintech unicorn Bitpanda has achieved a major milestone by securing a license under the Markets in Crypto-Assets Regulation (MiCA) from Germany’s Federal Financial Supervisory Authority (BaFin).
This new license allows the company to extend its cryptocurrency services to all 27 European Union member states, operating under a unified regulatory framework.
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Bitpanda’s CEO and co-founder, Eric Demuth, described obtaining the MiCA license as a key milestone for the company’s expansion.
This milestone enables us to bring easy and safe investing to over 450 million people,
Demuth said.
Bitpanda follows Boerse Stuttgart Digital, the first company to secure a MiCA license from BaFin, and joins other approved firms such as MoonPay and Hidden Road.
Demuth stressed the critical importance of consistent and strict enforcement of MiCA regulations across the European Union. He cautioned that allowing foreign crypto platforms to disregard the rules without consequences would put regulated companies at a competitive disadvantage.
Demuth also called on European lawmakers to learn from the U.S. regulatory model, where authorities act swiftly and consider any company working with American clients to be subject to U.S. laws.
Securing the MiCA license reinforces Bitpanda’s reputation as a company dedicated to regulatory compliance and sustainable growth.
While Demuth acknowledged that regulatory requirements might temporarily slow progress, he remains confident that the long-term benefits for Europe’s crypto industry will outweigh short-term hurdles—provided MiCA rules are enforced fairly. Bitpanda is now focused on developing new products and forming strategic partnerships to expand its reach across diverse markets within the European Union,” said Ivan Dikalenko, an analyst at The Coinomist.
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