Bitpanda Earns MiCAR License to Expand Across Europe

• The MiCAR license facilitates Bitpanda’s operations across all EU nations.

• Investors will benefit from strengthened safeguards designed to enhance trust and growth.

Bitpanda has won a MiCAR license from Germany’s Federal Financial Supervisory Authority. With the fintech company in question, a unified framework exists that would now enable Bitpanda to offer its crypto services within all 27 European Union states.

It’s nothing but a paradigm shift in the European crypto landscape, with the need to address issues like disparate national regulations. By constituting the solitary regime of regulation, the MiCAR framework provides clear guidelines for licensing, standardizes the rules for the crypto service providers, and prohibits reverse solicitation generally means non-EU firms have to attain an EU license in order to serve the European customers.

Bitpanda Achieves Major Milestone with MiCAR License

This achievement was celebrated by the leadership of Bitpanda. Deputy Chief Executive Officer Lukas Enzersdorfer-Konrad referred to the achievement as a landmark that aligns with the objective of the firm regarding regulatory compliance. CEO Eric Demuth mentioned that this license allows them to expand easy and safe investment to over 450 million people, opening up vast growth potential in a market they are ready to fully conquer.

This will assist in ensuring the elimination of country-specific approvals, and the operations of Bitpanda will become simple but very strong investor protection. The latter is higher obligations for crypto firms to stop malpractice, thus fostering greater trust in the industry.

The license ends up arriving at the back of the growth registration of Bitpanda from 1 million users recorded in 2019 to 4 million up to 2023, with its growth expectations to hit 5 million mid-year in 2024. In 2014, founders established Bitpanda. Since its establishment, the company has experienced exponential growth and, with an increase of users from 1 million at the end of 2019 to 6 million at the end of 2024, is offering a wide range of diversified investment products ranging from cryptocurrencies to stocks and commodities, and holds 17 existing licenses such as PSD2 and MiFID II.

The acquisition of the MiCAR license will have Bitpanda scaling its services to both retail and institutional users across Europe aggressively, expanding on its offerings and seeking new markets through a harmonized regulatory environment. It marks the final position of Bitpanda as one of the leading players in the fast-growing space of the crypto industry in Europe.