Bitpanda secures licensing agreement with Coinbase as part of strategic partnership
Vienna-based cryptocurrency investment company Bitpanda has finalized a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions.
We’re excited to announce that Bitpanda Technology Solutions is collaborating with another industry leader. With Bitpanda Tech, @coinbase will offer a regulated trading infrastructure to their clients like banks and financial institutions outside of the US. pic.twitter.com/leyHChQ3IU
According to the announcement, the collaboration between both entities will enable “Coinbase to offer one of the most scalable Investing-as-a-Service infrastructures to their institutional clients, such as banks and financial institutions outside of the United States.”
This strategic partnership will allow Coinbase to provide its institutional clients outside the U.S. with a fully regulated trading infrastructure. Additionally, as part of the agreement, Bitpanda will integrate Coinbase Exchange into its network of approved liquidity providers. This grants institutions the ability to leverage Bitpanda’s regulatory licenses and KYC-as-a-service to streamline their entry into the European market while maintaining their own brand identity.
Eric Demuth, the co-founder and co-CEO of Bitpanda, shared on Twitter that the deal was forged on the basis of a shared vision for the future of digital assets and a mutual commitment to trust, transparency and security.
From today @Bitpanda_global and @Coinbase are going to be partners. This deal was based around our shared vision for the future of digital assets, and our shared values of trust, transparency, and security. Exactly the type of collaboration our industry needs more of.… pic.twitter.com/iJj0RWh9bR
Related: EU-based crypto
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