Vienna-based cryptocurrency investment company Bitpanda has finalized a strategic partnership with Coinbase, resulting in a licensing agreement. As part of this collaboration, Bitpanda will integrate Coinbase Exchange into its authorized liquidity providers.
The partnership aims to offer a regulated trading infrastructure to institutional clients outside the United States. Coinbase will be able to provide its institutional clients with a fully regulated trading environment, leveraging Bitpanda’s regulatory licenses and KYC-as-a-service. This arrangement allows institutions to enter the European market while maintaining their own brand identity.
Eric Demuth, co-founder and co-CEO of Bitpanda, expressed excitement about the partnership on Twitter, highlighting the shared vision for the future of digital assets and the mutual commitment to trust, transparency, and security.
Coinbase’s decision to expand beyond the United States comes in response to regulatory challenges in its home market. The cryptocurrency exchange recently launched a zero-trading-fee subscription service called “Coinbase One” and introduced the Coinbase International Exchange (CIE), a platform designed for crypto derivatives trading.
The collaboration between Bitpanda and Coinbase signifies a significant step forward in providing enhanced services to institutional clients and expanding the global reach of both companies.
