Bitpanda secures MiCA licence to expand EU operations

Bitpanda received a Mica license from the Federal Financial Supervision Authority of Germany, allowing it to operate within the framework of a unified regulatory framework in the 27 EU member states.

THE Mica license introduction A single regulatory regime for cryptographic industry in Europe, resolving long -standing challenges linked to the fragmented rules between countries.

The frame provides license clarity, Standardize rules For Crypto service providers and prohibits reverse solicitation, forcing the EU companies to secure an EU license before offering services.

European adoption

Bitpanda leadership highlighted the importance of this stage. Lukas Enzersdorfer-Konrad, assistant CEO, said that the license aligns with the company’s commitment to regulatory compliance and stimulates the adoption and growth of European markets. CEO Eric Demuth added that the license allows the platform to offer regulated investment services to a wider audience through the EU.

“This step allows us to provide easy and safe investments to more than 450 million people, unlocking unrivaled growth potential in a market that we are ready to conquer fully,” said Demuth.

The Mica license removes the need for individual approvals specific to the country, reducing the operational complexities of Bitpanda. The framework also improves the protection of investors by introducing more strict obligations on cryptographic companies to prevent professional armchairs.

With the new license, Bitpanda plans to extend its retail and institutional sales services through the EU, taking advantage of the harmonized regulatory environment to extend its offers and its user base.

Founded in 2014, Bitpanda increased its user base by 1 million in 2019 to 6 million by December 2024. The company holds 17 licenses, including PSD2 and Mifid II, and offers a range of products covering cryptocurrencies , basic actions and products.