Bitpanda Expands UK Crypto Offering After FCA Approval

Austrian cryptocurrency platform Bitpanda has secured regulatory approval from the Financial Conduct Authority (FCA) to expand its services in the United Kingdom. The approval allows Bitpanda to offer more than 500 crypto assets to UK investors, marking a significant milestone for the firm after it temporarily halted onboarding new users in the country in 2023.

Bitpanda's expansion in the UK comes after the firm secured a license under the European Union's Markets in Crypto-Assets Regulation (MiCA) framework on Jan. 23. The license enables Bitpanda to operate across all 27 EU member states under a unified regulatory regime. Bitpanda's UK crypto offering will be similar to that in Europe, with a range of over 500 cryptocurrencies and services such as staking and savings plans.

Bitpanda has been a registered crypto custody provider for business clients in the UK since 2021 and has maintained a local team. The firm's UK crypto offerings align with the EU market, and there are no plans to list UK-specific coins. Bitpanda will not offer USDt to its clients in the UK or the EU, in compliance with MiCA regulations.