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Bitpanda Secures its Third MiCA License from Austrian Regulator

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  • Bitpanda has received its third MiCA license; this time around, it’s from Austria’s Financial Market Authority, making it the first fully approved cryptocurrency firm under the EU’s new law in Austria.
  • Despite MiCA aiming for a unified crypto framework across the EU, Bitpanda’s multiple licenses show that regulatory differences may still exist between member countries.

Bitpanda has now acquired its third MiCA license, this time from Austria’s FMA. This new approval would help the company grow its legal presence in Europe.

The company first shared the news on the 10th of April, saying that this new license adds to the other two from Germany and Malta. This step makes the platform the first business in Austria to be fully approved under the EU’s new crypto law.

The company added that this move has made it closer to becoming one of Europe’s top digital asset provider platforms. Users can now trust a platform checked by officials across many countries. Bitpanda said this means better safety for people and stronger rules for the industry at large.

Bitpanda Previous MiCA Acquisition Journey

The Vienna-based crypto platform, Bitpanda, was among the first crypto firms to get a MiCA license after the European Union’s new law fully started.

Germany’s Financial Authority (BaFin) gave the first approval, which Bitpanda announced in January. Later on, the company also went on to get a second license from Malta’s MFSA, as shared on LinkedIn.

The MiCA law, which was established in 2020, is set out to help create a clear set of rules for guiding cryptocurrency across the EU. It was built to help guide service providers under one system, making it easier to work in different countries. The main goal of this law is for everyone (companies) to have equal rules in the crypto space.

Still, the platform’s effort to collect different licenses shows that the company is thinking ahead and understands that there may be differences in how each country applies the law. Even though the idea is to make everything uniform, firms like Bitpanda seem to find it necessary to apply in many places.
As of now, the main regulators in Austria, Germany, and Malta have not shared any public lists to show which businesses have received MiCA approvals.

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Bitpanda Gains VARA Approval to Offer Crypto Services to UAE Investors

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  • Bitpanda acquires VARA license, targets offering over 500 assets to its UAE investors.
  • Bitpanda expands globally with VARA approval, marking UAE as its first non-European market.
  • With VARA license, Bitpanda sets new regulatory standards for digital assets in the UAE.

Bitpanda obtained its broker-dealer license to operate in Dubai from the Virtual Assets Regulatory Authority (VARA). Having received oversight from the Dubai Virtual Assets Regulatory Authority allows Bitpanda to deliver digital asset services to UAE investors allowing it to become its first regulated expansion beyond European markets.

The new license allows the digital assets platform to provide over 500 virtual assets in addition to crypto indices and savings plans for users operating in the region. The VARA license allows the digital assets platform to exploit the expanding market need for secure, regulated digital asset services in the United Arab Emirates.

Strategic Entry into the UAE Market

Bitpanda achieved its expansion goal by creating a permanent office at the DMCC Crypto Centre in Dubai. The company selected regional experts to develop services specifically for UAE investor requirements. The digital assets platform expects to start adding users from the UAE market in the upcoming months. This strategic move demonstrates how Bitpanda intends to fulfill the growing market demand for regulated cryptocurrency platforms across the region.

Digital assets now function as a global center in the UAE which VARA supports by enforcing regulatory standards and protecting investors. Launching the digital assets platform services into the UAE market is part of the nation’s strategy to build a safe digital asset trading environment that attracts innovative technology. The deputy CEO at Bitpanda, Lukas Enzersdorfer-Konrad, expressed that the platform aims to build a user base of retail and institutional clients within the UAE by utilizing secure and compliant services.

Bitpanda’s Regulatory Track Record and Growth Potential

Following its previous European regulatory achievements, the digital assets platform secured the VARA license. The company obtained its MiCA license from BaFin in January 2025, allowing it to conduct business in all EU member states under one unified regulatory structure. The licenses held by the digital assets platform include the Financial Conduct Authority (FCA) license from the UK, the PSD2 e-money license and the MiFID II license. The company demonstrates its commitment to regulatory standards by issuing multiple licenses.

With a decade of experience in the digital asset space, the digital assets platform has become one of the most trusted platforms for secure virtual asset investments. Fabian Reinisch, Bitpanda’s General Counsel, noted that the quick approval of the VARA license is a testament to the company’s commitment to upholding the highest regulatory standards.

Dubai’s Crypto Boom: Bitpanda Gains VARA Approval for MENA Launch

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Bitpanda has achieved a significant milestone by securing in-principle approval from the Virtual Assets Regulatory Authority (VARA) in the UAE. This marks the company’s first expansion outside Europe, setting the foundation for its operations under the name Bitpanda Broker MENA DMCC. Dubai’s position as a regional digital finance hub provides Bitpanda with a strategic entry into the growing MENA cryptocurrency market.

Bitpanda Partners with RAKBANK and CoinMENA

The UAE’s progressive regulatory environment has attracted Bitpanda to establish its operations in Dubai. The company has already set up an office at the DMCC Crypto Centre, facilitating its strategic push into the region. Bitpanda’s partnerships with RAKBANK and CoinMENA reflect its efforts to align with local financial institutions.

Bitpanda’s leadership believes that Dubai’s balance of innovation and investor protection aligns with its compliance-driven model. By leveraging VARA’s framework, Bitpanda plans to provide secure and reliable access to digital assets. This expansion also bridges Europe’s rigorous regulatory standards with the UAE’s dynamic and fast-growing crypto market.

Bitpanda Strengthens Compliance and Innovation Focus

Securing VARA’s in-principle approval highlights Bitpanda’s strong focus on compliance and innovation. The company now aims to obtain full operational approval by meeting regulatory requirements. This includes setting up a fully functional office, implementing compliant infrastructure, and building a regional management team.

Bitpanda’s leadership emphasizes that the approval underlines VARA’s clear guidelines and efficient processes. The move also enhances user trust and positions the company for long-term growth in the MENA region. With compliance as a cornerstone, Bitpanda continues to strengthen its presence in global markets.

Bitpanda’s global strategy includes offering advanced tools and forming key partnerships to serve ambitious traders. Its collaboration with Societe Generale Forge demonstrates its focus on integrating euro-backed stablecoins into the financial ecosystem. This aligns with the company’s goal of facilitating secure and regulated digital asset access worldwide.

Additionally, Bitpanda recently launched Bitpanda Fusion, a high-volume trading product for experienced traders. The tool aggregates liquidity from leading exchanges to meet growing market demand. Bitpanda aims to cater to the needs of traders in the UAE and the broader MENA region.

N26 Partners With Bitpanda To Introduce Crypto Trading Feature

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N26, a German neobank headquartered in Berlin, partnered with Bitpanda – an Austrian-headquartered crypto broker – to introduce N26 Crypto Trading Feature within the app. It will enable users to trade around 200 different types of cryptocurrency all in one place.

According to the bank’s announcement on October 10th, the new feature will soon debut in Austria, addressing the strong demand for cryptocurrency among almost 40% of N26 users. In addition, the bank plan to gradually release this new product to key markets within the next six months.

Chief Product Officer at N26, Gilles BianRosa, said in the statement:

The N26 banking experience has always been built around the customers’ needs, with features that make money management easy.

BianRosa also asserts that N26 Crypto, the company’s first asset class, is a straightforward, user-friendly product that effortlessly integrates into N26’s fully regulated banking environment, where users can view their bank balance, savings, and investment portfolio side by side.

Additionally, according to Valentin Stalf, co-founder and Co-CEO of the bank, cryptocurrencies are still attractive assets for investors despite declining crypto values over the past year. 

He believes that cryptocurrency trading is often the entry point to investing for today’s generation looking to increase their wealth. And with the launch of its digital wallet N26 Crypto, he says they are “offering a simple way to trade and invest, with a great user experience and low and transparent fees.”

Nearly 200 Tokens Available On N26 Crypto

The announcement post also claimed that this feature is a new player in the trading and investing world, with over EUR 6 billion in deposits in client accounts. As a first step, the feature aims to assist its customers in managing more aspects of their finances.

This new feature in this leading banking app will allow almost 200 coins to be traded. It will also provide clear visuals about a customer’s crypto portfolio, showing if an account has been followed and monitored over time, having fast and safe sign-up procedures, and many more.

Furthermore, the bank will make 100 different crypto assets available for trading when its initial offer launches. Later on down the line, the bank intends to offer an additional 94 crypto assets.

Moreover, Bitpanda will primarily be in charge of trading and custody. These two leaders in the fintech sector will work together to provide N26 customers with a competitive new pricing structure. Users of the bank’s Metal pay 1% for trading Bitcoin and 2% for other currencies. 

In addition, transaction fees for other N26 consumers are the same low rates available directly on Bitpanda’s platform: 1.5% for Bitcoin and 2.5% for other currencies. However, Bitpanda receives a commission on any trade that is completed through the bank.

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Bitpanda strikes its first-ever acquisition deal with DeFi custodian Trustolgy

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Austria-based fintech unicorn, Bitpanda, announced its maiden acquisition with London-based crypto custodian wallet provider, Trustology. As per the deal, the latter would be rebranded as Bitpanda Custody and would be taking custody of Bitpanda’s own assets across its retail, institutional and white-labeling businesses at the initial stage.

Bitpanda claims the latest move would help catapult it as one of the largest digital assets custody providers on a global scale also enabling it to transform into a fully-fledged prime brokerage business. Through the acquisition, the trading platform will now be able to provide custodian services in the UK, EU, and says it will use the partnership to expand its range of services.

Eric Demuth, co-founder, and CEO of Bitpanda stated “We can now provide retail customers with world-class institutional-grade custody security. Institutional clients will benefit from innovative custody solutions to not only overcome the challenges they face today but also to thrive in the years to come.”

Joshua Barraclough, CEO of Bitpanda Pro- a platform for professionals and businesses, said that it aims to combine an FCA registered, institutional-grade custody solution with a leading trade execution venue.

Bitpanda aims to expands its footprint

Bitpanda Pro has also said it would commit to a “disruptive fee model” seeking to reduce the cost of custody to zero for users who actively trade on the exchange.

“Now we are looking to massively increase our footprint and bring lots more clients to our venues,” Barraclough continued. “Importantly we are moving away from an asset under custody pricing model and are not penalizing our clients’ growth.”

Founded in 2014 as a crypto trading firm, Bitpanda has grown to over 700 employees across 10 offices and boasts more than three million users. Investors can utilize the platform to purchase commission-free stocks, cryptocurrencies, and precious metals, at sums, starting as small as €1.

Following the acquisition announcement, UK’s top regulator Financial Conduct Authority [FCA] issued a word of caution on crypto mergers on Tuesday afternoon. The regulator in a statement warned that it “can take steps to suspend or cancel the registration of a crypto asset business if it is not satisfied the firm or its beneficial owner is fit and proper.”