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Bitpanda launches in UK, sets two-year growth target
Bitpanda launches in UK, sets two-year growth target

Crypto Insight

time6 days ago

  • Business
  • Crypto Insight

Bitpanda launches in UK, sets two-year growth target

Austria-based crypto platform Bitpanda has entered the United Kingdom, aiming to make the country one of its top three markets within the next two years. The expansion includes its retail investment app along with its corporate arm, Bitpanda Technology Solutions, which allows banks and fintech companies to offer crypto trading through white-label services. The company says its app provides access to more than 600 crypto assets for British investors. Bitpanda Co-CEO Lukas Enzersdorfer-Konrad told Cointelegraph the company plans to 'rapidly grow our direct retail presence' while working with UK financial institutions to launch crypto offerings using its infrastructure. In pursuing that goal, Bitpanda will face established rivals including Binance UK, Coinbase, Kraken, and Gemini, which already hold strong market share among UK retail investors. As part of the launch, Bitpanda signed a multi-year deal with Arsenal Football Club to become its 'Official Crypto Trading Partner,' featuring branding across teams, stadium, and digital channels, along with campaigns to educate Arsenal's 100 million–plus global fans on digital assets and responsible investing. Before entering the UK, Bitpanda operated under multiple regulatory licences in Austria, Germany, France, Italy and Spain, serving clients across the European Economic Area and other permitted jurisdictions. It received FCA approval in February and spent months localizing its product before its Thursday launch. Crypto regulations lagging in the UK The UK has been slower than some jurisdictions to implement crypto regulations. In a recent blog post, the Digital Monetary Institute at the Official Monetary and Financial Institutions Forum (OMFIF), argued the UK has squandered its early lead in blockchain-based finance and warned it risks losing its status among top financial centers. The article points to the Financial Conduct Authority's 'Crypto Roadmap,' published in November 2024, which phases in rules on market abuse, admissions, prudential requirements, and stablecoins. With consultations not due until late 2025, final regulations and full licensing may not arrive until late 2026, leaving the UK's crypto sector in limbo compared with jurisdictions that already have active frameworks. However, the regulatory delay has not deterred crypto companies from investing in the country. Without a whole licensing regime, global heavyweights like Coinbase, Kraken and eToro have cemented their UK presence under existing anti–money laundering registrations. Other jurisdictions move ahead By contrast, the EU's Markets in Crypto-Assets (MiCA) framework came into full effect in late 2024, establishing unified categories and rules for tokens, stablecoins, and service providers across member states. In the US, the GENIUS Act, a federal stablecoin regulation bill, was signed into law by US President Donald Trump on July 18. Other jurisdictions are moving ahead with stronger digital asset frameworks as well. In June 2024, the United Arab Emirates introduced Payment Token Services Regulations to formalize the use of digital assets, while Hong Kong has rolled out a new stablecoin licensing regime and, in July 2025, issued its third batch of tokenized green bonds under its broader fintech strategy. 'Clarity fuels confidence,' Enzersdorfer-Konrad told Cointelegraph. 'The UK has the talent, capital, and global reputation to lead in responsible crypto innovation, but only if the rules are clear and forward-looking. The sooner that clarity arrives, the sooner the UK can take its place as a global leader in crypto.' Source:

Bitpanda opens the gate to Web3 with Vision (VSN)
Bitpanda opens the gate to Web3 with Vision (VSN)

Zawya

time12-06-2025

  • Business
  • Zawya

Bitpanda opens the gate to Web3 with Vision (VSN)

The launch is the first puzzle piece of Bitpanda's ambition to build a user-first, fully compliant Web3 ecosystem – rooted in real utility and designed to make Web3 accessible for everyone. Vision: One token to connect it all Vienna: Kicking off Bitpanda's Web3 product suite is Vision (VSN), the utility and governance token at the heart of the ecosystem. Launching on July 16, from a merge of Bitpanda's two existing tokens BEST and Pantos, it launches with deep, native integration across Bitpanda's platform and upcoming Web3 products, unlocking real-world value and a clear path to mass adoption. What users can do with VSN: Save on fees: 20% fee discounts on and Bitpanda's DeFi Wallet. Staking Rewards: Earn up to 10% APY on staked VSN. Governance: Vote on upgrades, reward rates, token emissions and protocol changes. Launchpad Access: Early entry into vetted Web3 token launches. Loyalty & Airdrops: Participate in exclusive token drops and reward programmes. Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda, commented: 'Vision is the engine behind everything we're building in Web3, like electricity is for many things in modern life. It fuels the ecosystem, connects our products, and rewards users for engaging with the tools we're building. This includes fee savings and staking, as well as governance and loyalty, which turn into benefits for everyone in the Bitpanda ecosystem and beyond.' The Bitpanda Web3 ecosystem While many Web3 projects remain experimental, Bitpanda's approach is grounded in real utility. Its new ecosystem is built for everyday users and will enable millions of people to enter Web3, just Amazon turned online shopping from niche to normal – Bitpanda Web3 will enable Web3 to reach the mainstream. With nearly 7 million users, Bitpanda's aim is to give everyone access in a compliant and secure way, without sacrificing on the user experience. In addition to Vision (VSN), Bitpanda's Web3 product suite contains the following components: Bitpanda DeFi Wallet: The consumer-grade entry point An intuitive smart wallet providing everything users need to trade, earn, and manage assets onchain across major blockchain networks, all from a single, intuitive app. Designed for both crypto natives and newcomers, the wallet allows users to trade, earn, and manage assets with institutional-grade security. At launch, the wallet will support over 5,000 tokens across Ethereum, Solana, Polygon, BNB Chain, Avalanche, Optimism, Base, and Arbitrum. Vision Protocol: Frictionless, cross-chain trading Vision Protocol is the underlying liquidity engine of the ecosystem. It aggregates top decentralised exchanges and bridges like 1inch, Jupiter, and Rango to deliver seamless swaps across chains – fully embedded into the Bitpanda DeFi Wallet. Vision Chain: Europe's compliant Layer 2 A dedicated Ethereum Layer 2 network designed for tokenising real-world assets. Vision Chain serves as the compliant backbone for Europe's onchain finance, bringing securities, commodities, and fiat onchain in one unified layer. Bitpanda Launchpad: Onramping innovation A platform for launching curated high-quality crypto projects. Bitpanda Launchpad ensures investor protection, project legitimacy, and fast-track access to promising teams and listing on Bitpanda and their partners. For investors, it provides early access to the cutting edge of DeFi innovation, creating a true win-win for builders and users alike. Eric Demuth, Co-Founder and CEO at Bitpanda, commented: 'We are highly committed to build the onchain future in a compliant, secure and simple to use way. Just like Apple did with Smartphones. Therefore we have hired a strong team of Web3 industry experts - and this has just been the start for our ambitious plans.'

Fed vs. ECB: More Rate Cuts?
Fed vs. ECB: More Rate Cuts?

Yahoo

time08-05-2025

  • Business
  • Yahoo

Fed vs. ECB: More Rate Cuts?

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad joins CoinDesk to discuss the state of crypto in Europe under the impact from previous ECB rate cut decisions and the MiCA regulatory framework. Plus, he weighs in on Bitpanda's recent partnership with FC Basel 1893 and the intersection between sports and crypto. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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