Coinbase and Bitpanda reveal EU partnership
May 25, 2023

Coinbase and Bitpanda reveal EU partnership

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Cryptocurrency exchange Coinbase has partnered with the Austrian fintech firm Bitpanda, Fintech Finance said on May 23.

Bitpanda and Coinbase will work together

The partnership will allow the two companies to offer institutional trading services outside of the United States. It will also see Bitpanda make use of Coinbase’s liquidity services and Coinbase Prime’s custody solution.

The report noted that both companies are regulated and offer KYC-as-a-service. This will allow institutional clients to go to market faster by quickly integrating API and white-labeled services.

A separate report from Coindesk on May 24 suggested that Coinbase will be able to work with European banks and fintech companies through the partnership.

Guillaume Chatain, Coinbase’s Head of Institutional Sales EMEA & APAC, commented on the partnership’s global aspects. He said that Coinbase believes that crypto and blockchain can “increase economic freedom and opportunities around the world.”

Coinbase’s other EU efforts

Coinbase CEO Brian Armstrong said in April that his company would consider uprooting its U.S. headquarters due to regulatory hostilities in the country. He later said that the company will always have a U.S. presence.

Coinbase launched a new EU-focused platform on May 2 called Coinbase International Exchange. That service, like the Bitpanda partnership, is aimed solely at institutional clients.

More broadly, the EU is introducing new regulations called MiCA. This could provide a more manageable operating framework for Coinbase and other crypto firms.

The post Coinbase and Bitpanda reveal EU partnership appeared first on CryptoSlate.

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