BitPanda Financial News

Rebranded as One Trading, the crypto exchange has now fully separated from digital investment platform Bitpanda, although the latter still retains a stake in tis former subsidiary.

 According to a Bloomberg report, the German bank has applied for regulatory approval to operate a custody service for digital assets, including cryptocurrencies.

Vienna-based cryptocurrency investment company Bitpanda has finalized a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions.

Coinbase has done a deal with Bitpanda to give it access to European banks that are looking to offer cryptocurrency to their customers.

The first product out of the stable is a conversational wealth coach empowered to guide personalised investment strategies for users.Eric Demuth, co-CEO and founder of Bitpanda comments: “Historically, investing was only for wealthy people, but fintechs like Bitpanda made it accessible to everyone thanks to blockchain technology. AI is the next technology that will reshape personal finance.

In a recent announcement, the Raiffeisenlandesbank Niederosterreich-Wien (RLB NO-Wien) detailed its intentions to foray into the realm of bitcoin investing services. The Austrian cooperative banking institution, which was established in 1900 and now has a 22.6% interest in Raiffeisen Bank International (RBI), has decided to launch its new service in collaboration with the Austrian cryptocurrency startup Bitpanda.

Users will be able to invest from as little one euro. Crypto investment will be featured alongside digital investment services for stocks, exchange-traded funds, precious metals and commodities.“In the spirit of absolute customer focus, we stand by our customers as a reliable and strong partner.

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda.

The Financial Conduct Authority (FCA), which is in charge of regulating the financial sector in the United Kingdom, is planning to go after unregistered bitcoin automated teller machines (ATMs).

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Available within the 'Trading' section on N26's new 'Finances' tab, users simply need to select the coin and the amount they would like to trade, and the cash equivalent of the trade will be deducted from their bank balance, while coins will appear in their N26 Crypto portfolio instantly.N26 Crypto is offered in partnership with Bitpanda Asset Management, which manages the execution of trades and custody of coins. N26 Metal customers will be able to make transactions with a 1% transaction fee applied for trading bitcoin and 2% for all other available cryptocurrencies.

France’s top financial regulators have added the crypto trading websites 24cryptoforextrading.net, silveriz.fr, and cryptoneyx.io to a blacklist of firms operating in France “without proper authorization.”

The latest round of cuts follows layoffs announced in June by the firm which affected 25% of the workforce.

European digital bank N26 announced Thursday it is launching a crypto trading service, starting with Austria as the first market for the product.

The cuts were made to lower overheads and refocus the company's business direction, say sources.Less than a year ago Nydig raised $1 billion at a $7 billion valuation but since then it has had to face up to the crypto winter and wider economic downturn bites.It is far from the only firm in the sector it take the axe to staff this year: Bitpanda cut around 25% of its workforce, Coinbase 18%, BlockFi 20%, Crypto.com five per cent and Gemini 10%.

Plum has become the latest fintech to dip its toes into digital assets, with plans to offer European customers crypto trading services in the coming weeks.

The UK Treasury's Office of Financial Sanctions Implementation (OFSI) has updated its guidance to include crypto exchanges over the fear that crypto currencies such as bitcoin are being used to dodge sanctions.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market.

The move comes less than a year after Bitpanda saw its valuation hit $4.1 billion after a $263 million round led by Valar Ventures.In a message to staff, posted on its blog, the firm's founders says: "We need to make fundamental changes in how we operate and sharpen our focus by getting back to the basics, prioritising safety and compliance, user experience, education and community, while deprioritizing everything else."While citing the crypto winter and broader global economic problems, the company acknowledges its own failures. "In keeping up with the industry, our team’s growth rate has been too high...We reached a point where more people joining didn’t make us more effective, but created coordination overheads instead, particularly in this new market reality.

Bitpanda, an Austrian cryptocurrency exchange that was valued at $4.1 billion last summer, have received registration as a virtual currency exchange and digital asset custody service provider in Spain.