MiCA Licence Boosts Bitpanda’s Growth in European Crypto Market  

• Bitpanda’s MiCA license helps the company to avoid obtaining separate license for each country in the EU. 
• The license allows Bitpanda to further extend its services for both retail and institutional clients and increase investor protection within the framework of tough regulatory requirements. 
• The company has managed to register 6 million users by the year 2024, with the help of the various licensed investment services it offers. 

Bitpanda has received the Markets in Crypto Assets (MiCA) license from Germany’s Federal Financial Supervisory Authority and can now operate under one regulatory framework in all 27 EU member states. This major step allows the platform to provide full-fledged regulated crypto and investment services for millions of customers in the region. 

MiCA Framework Simplifies EU Regulations 

MiCA license is a European Union’s effort to create a uniform legal framework for the market of cryptocurrencies, given the issues with multiple laws in every country. The new framework provides licensing certainty for crypto firms, bans reverse solicitation, and requires non-EU firms to obtain an EU license before offering services in the EU. 

The management at Bitpanda highlighted that the license is crucial in the uptake and extension of its operations across the European market. Acting CEO Mr. Lukas Enzersdorfer-Konrad pointed out that the license complies with the company’s compliance and regulatory matters. CEO Eric Demuth chimed in to note the market opportunity, saying that this move enables Bitpanda to offer safe and easy investing to more than 450 million people. 

Operational Benefits and Investor Protections 

The license does away with country-specific agreements thus increasing efficiency through the minimization of paperwork and procedures. Furthermore, the MiCA proposal improves investor protection by increasing the barriers to entry for dishonest and fraudulent crypto firms and enforcing higher standards of conduct among such firms. This regulatory certainty enhances the preparedness of Bitpanda to increase its products and services to meet the demands of retail and institutional clients. 

Established in 2014, Bitpanda has increased its presence significantly with 1 million users in the year 2019, and 6 million by December 2024. The company is licensed by 17 regulators including PSD2 and MiFID II allowing the company to trade in multiple products like cryptocurrencies, equities, and commodities. As a result of receiving the MiCA license, Bitpanda plans to use its strengths and develop its offerings throughout the EU, benefiting from the consistent legal framework. 

This is a significant milestone in the growth plan of Bitpanda as it seeks to make investing easier while meeting the changing rules in the European market.