Bitpanda Technology Solution, a prominent retail broker in Europe offering services for cryptocurrency, commodities, securities trading, and ETFs, has recently finalized a licensing agreement with Coinbase, the largest cryptocurrency exchange based in the United States.
Under the newly established agreement, Vienna-based Bitpanda’s technology solution, specifically its “investing-as-a-service” division, will integrate Coinbase as a liquidity provider. Additionally, Bitpanda will leverage Coinbase Prime’s custody services as part of this collaboration.
As stated in the blog post, this agreement opens up the opportunity for clients of Coinbase Institutional located outside of the United States to utilize Bitpanda’s investing-as-a-service platform under its own branding.
Through the partnership with Bitpanda Technology Solution, Coinbase can now provide its non-us institutional clients with a fully regulated, flexible, and scalable 24/7 trading infrastructure.
As part of this agreement, Bitpanda is incorporating the Coinbase exchange into its network of authorized liquidity providers. This integration allows institutions to take advantage of Bitpanda’s wide range of regulatory licenses, enabling them to enhance their market reach across Europe. Notable, these institutions can maintain their distinct branding while benefiting from the combined power of Bitpanda’s design and technology.
The addition of Coinbase to our esteemed partnership network further enhances our existing collaboration, which already includes renowned institutions such as Raiffeisenlandesbank No-Wien, N26, Manbu, Lydia, Plum, and many others across Europe.
In a written statement, Lukas Enzersdorfer-Konrad, the deputy CEO and COO of Bitpanda, expressed that both Bitpanda and Coinbase share a common goal of ensuring the safety and security of investing in digital assets through regulated means.
Also Read: Coinbase Launches Wallet as a Service on Ethereum Mainnet
