Crypto platform Bitpanda to expand operations in the United Kingdom

Bitpanda’s cryptocurrency offering in the United Kingdom will be no different than in the European Union

12.02.2025 - 13:05

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What’s new? Austrian crypto platform Bitpanda will expand its operations in the United Kingdom after receiving approval from the Financial Conduct Authority (FCA). Bitpanda has received approval to offer more than 500 crypto assets in the UK.

The approval also allows Bitpanda to provide UK investors with various crypto services, including staking, savings plans, and crypto indexes.

What else is known? The FCA approval for Bitpanda in the UK comes after the firm was granted a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation on January 23. The license allowed Bitpanda to operate in all 27 EU member states under a single regulatory regime. Bitpanda deputy CEO Lukas Enzersdorfer-Konrad added:

“Our range is constantly expanding, with over 100 new coins listed last year alone. While we’ll always look to provide the best possible range of cryptocurrencies to our users, there are no plans currently to list UK-specific coins. Therefore, our crypto offer in the UK won’t differ from that in the EU.”

Bitpanda’s expansion in the UK marks a major milestone for the company after it temporarily suspended new user registrations in the country in 2023. The suspension came in response to changes to the UK crypto marketing rules made by the FCA, which introduced a stricter Financial Promotions (FinProm) Regime in October 2023.

Separately, Bitpanda has been a registered crypto custody provider for corporate clients in the UK since 2021 and operates with a local team.

Earlier, the Bitget crypto exchange resumed operations in the UK, bringing the website into compliance with local financial services promotion legislation.

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