Bitpanda has obtained a MiCA license from Germany's Federal Financial Supervision Authority, allowing it to operate within a unified regulatory framework across all 27 EU member states.
the Mika license He presents A single regulatory regime for the cryptocurrency industry in Europe, addressing long-standing challenges of fragmented rules across countries.
The framework provides licensing clarity, Standardization of rules For crypto service providers, reverse solicitation is prohibited, requiring non-EU companies to obtain an EU license before providing services.
European adoption
Bitpanda's leadership stressed the importance of this achievement. Lukas Enzersdorfer Konrad, executive vice president, said the license is in line with the company's commitment to regulatory compliance and will drive adoption and growth in European markets. CEO Eric Demuth added that the license enables the platform to offer regulated investment services to a wider audience across the European Union.
“This achievement enables us to bring easy and safe investing to more than 450 million people, unlocking unparalleled growth potential in a market we are ready to fully conquer,” Demuth said.
The MiCA license eliminates the need for individual country-specific approvals, reducing operational complexities for Bitpanda. The framework also strengthens investor protection by imposing stricter obligations on cryptocurrency companies to prevent malpractices.
With the new licence, Bitpanda plans to expand its retail and institutional services across the EU, while taking advantage of the harmonized regulatory environment to expand its offerings and user base.
Founded in 2014, Bitpanda has grown its user base from 1 million in 2019 to 6 million by December 2024. The company has 17 licenses, including PSD2 and MiFID II, and offers a range of products spanning cryptocurrencies, stocks and commodities.
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