Bitpanda receives approval to operate in the UK

The Austrian cryptocurrency platform Bitpanda has received permission from the UK's Financial Conduct Authority (FCA) to operate in the United Kingdom.

Now, the platform can provide British traders with cryptocurrency trading and staking services. According to Bitpanda CEO and co-founder Eric Demuth, retail traders and investors in the UK will be able to buy and sell more than 500 cryptocurrencies available on the platform.

“Getting approval to operate in the UK was the last missing piece to serve all Europeans. Now, our goal is clear: to provide a product that meets the needs of British investors and the regulatory requirements of the FCA,” said Demuth.

In addition, UK users will be able to legally stake digital assets, create personal savings plans, and track cryptocurrency indices.

Earlier, we reported that the UK's Financial Conduct Authority (FCA) allowed the US cryptocurrency exchange Coinbase to operate in the country as a virtual asset service provider (VASP).