Home Blockchain Coinbase and Bitpanda reveal EU partnership

Coinbase and Bitpanda reveal EU partnership

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Fintech Finance has announced that cryptocurrency exchange Coinbase has partnered with Austrian fintech firm Bitpanda. May 23rd.

Bitpanda and Coinbase work together

The partnership will enable the two companies to offer institutional trading services outside the United States. Bitpanda will also utilize his Coinbase liquidity service and Coinbase Prime custody solution.

The report noted that both companies are regulated and offer KYC-as-a-service. This will enable institutional investors to get to market faster by rapidly integrating APIs and white-label services.

Another Coindesk report on May 24 suggested that the partnership would allow Coinbase to work with European banks and fintech companies.

Guillaume Chatain, Head of Institutional Sales for EMEA and APAC at Coinbase, commented on the global aspects of the partnership. He said Coinbase believes cryptocurrencies and blockchain can “increase economic freedom and opportunity around the world.”

Coinbase’s other EU efforts

Coinbase CEO Brian Armstrong said in April that the company would consider moving its U.S. headquarters due to hostility with domestic regulators. He later said the company would always remain in the United States.

On May 2, Coinbase launched a new EU-focused platform called Coinbase International Exchange. This service, like the Bitpanda partnership, is intended for institutional customers only.

More broadly, the EU is introducing a new regulation called MiCA. This could provide a more manageable operating framework for Coinbase and other cryptocurrency companies.

An article revealing the EU partnership between Coinbase and Bitpanda first appeared on CryptoSlate.

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