fintech platform Bitpanda announced yesterday that it has partnered with Coinbase so that the North American exchange can offer its institutional clients outside the United States the regulated investment infrastructure of the Austrian fintech unicorn.
According to what was expressed in a statement yesterday, both entities seek to take advantage of the fact of being regulated, since this allows rapid market activation throughout Europe. Likewise, it is worth noting that through Bitpanda Technology Solutions, any financial institution can integrate a flexible and scalable trading infrastructure 24/7, in just 3 months.
In this sense, Lukas Enzersdorfer-Konrad, Deputy CEO & COO of Bitpanda indicated that both they and Coinbase share an ambition to make investing in digital assets safe and regulated. “At a time of unprecedented opportunity for the industry to offer its potential customers from digital assets, we come together to define a clear future and drive that ambition forward”said.
For his part, Guillaume Chatain, Head of Institutional Sales at Coinbase for EMEA and APAC Regionspointed out that the exchange is working hard to update the financial system, and that this alliance of which they were delighted was an example of this because both entities that seek to comply with the regulations are involved.
That said, it is worth noting that in addition to this partnership with Coinbase, Bitpanda Technology Solutions has announced in recent months agreements with the Austrian traditional bank Raiffeisenlandesbank, the European mobile bank N26, the French money app Lydia, the British fintech Plum and the Italian mobile bank Hype.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.