SC Ventures invests in One Trading for EU crypto perpetual futures

Standard Chartereds venture capital arm gets a toehold in Europe with its investment in the EUs only MiFID II-compliant crypto platform. 

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Bitpanda Partners with Deutsche Bank for Real-Time Payments in Germany

Bitpanda has announced an expansion of its partnership withDeutsche Bank, aimed at providing real-time payment solutions for users inGermany.

API-Based Account Solution

The collaboration will enable seamless incoming and outgoingtransactions through an API-based account solution, granting Bitpanda access toGerman IBANs. This move is part of Bitpandas efforts to enhance userexperience and solidify its position in Europe as a digital-asset tradingplatform.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda,commented: Bringing the best parts of the industry together is where we cancreate real value for people. DeutscheBanks commitment to working with new and innovative players in the financialindustry continues to make our partnership possible. From today, we can accessa range of Deutsche Banks products, unlocking benefits for our team and ourusers.

Meanwhile, BayernMunich has partnered with Bitpanda, designating them as the new platinumpartner and official crypto trading sponsor, as reported by Finance Magnates.

The collaboration was announced at Bayerns home ground, theAllianz Arena, during their match against TSG Hoffenheim on January 12 this year.Bitpanda will have extensive visibility at all home matches throughout thismulti-year partnership.

Crypto exchange @Bitpanda announced a partnership with Germany's largest bank, @DeuBa_Services, to enable the crypto trading platform to access its international bank account number (IBAN). BitPanda users in the region will be able to use IBAN deposit and withdrawal pic.twitter.com/FRp3n5kY3t

Partnership for Seamless Transactions

Deutsche Bank, already serving as Bitpandas EuropeanHausbank for cross-currency solutions in Austria and Spain, further strengthensthe relationship between the two institutions.

The regulated multi-asset broker platform, Bitpanda, offersa diverse range of over 2,800 virtual assets, indices, stocks, ETFs, andcommodities to retail investors.

Kilian Thalhammer, Global Head of MerchantSolutions, Deutsche Bank, added: We are always looking to partner withcompanies who share our commitment to user safety and security. With Bitpanda,a recognised and regulated fintech provider, we are confident to help build asecure and trusted environment for users in this innovative field of virtualasset investing."

"With our strategy to be the bank of choice for thehigh-potential platforms, the partnership with Bitpanda represents a keymilestone as we shape this emerging ecosystem through active engagement withleading industry players.

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Deutsche Bank and Bitpanda join forces for real-time crypto payments

The partnership with Deutsche Bank allows Bitpanda to offer real-time inbound and outbound cash payments for German crypto traders using German International Bank Account Numbers.

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Bitpanda Reaches 5 Million Users, Targets Further Expansion

Bitpanda,the Vienna-based cryptocurrency broker and fintech unicorn, announced Tuesdaythat its user base has surpassed 5 million retail investors. The milestonecomes after a significant growth period in Q2 2024, when the number of retailtraders grew by 25%yes, .

Bitpanda's User BaseSurges to 5 Million as Crypto Interest Grows

Aftertaking five years to reach its first million users, Bitpanda has added anothermillion in just the past 12 months, reflecting surging interest in digitalasset trading across Europe. The record-high Bitcoin (BTC) prices achieved inMarch and sustained throughout the second quarter also had an impact.

"Wehave the right products, a proven history of working with regulators, andimmense trust from our users and partners," said LukasEnzersdorfer-Konrad, Deputy CEO of Bitpanda. "It took us five years toreach our first million users; we were able to achieve this same feat in thepast 12 months alone."

The expansionfollows a record-setting first quarter for Bitpanda, which reported revenue of $109million. The company has been positioning itself for growth, acquiring newregulatory licenses and launching partnerships with established financialinstitutions like DeutscheBank and N26.

Theplatform recently established a partnership withthe German bank Landesbank Baden-Württemberg (LBBW). Through thiscollaboration, Bitpanda aims to introduce cryptocurrency custody services toLBBW's offerings.

Bitpandahas been operating as a licensed entity in the German cryptocurrency market sincelate 2022, holding independent authorizations in several other Europeancountries, including the UK, Italy, and France.

Move to Middle East

Bitpanda isnow setting its sights on the Middle East, having recently launched operationsin Dubai. Walid BenOthman, Managing Director of Bitpanda MENA, expressedoptimism about the region's potential, citing projections that the UAE'sdigital asset market could reach $616.80 million by 2028.

"Witha 25% surge in users over the past 12 months, we are confident in the strengthof the MENA region and aspire to achieve similar success over the nextyear," BenOthman stated.

Bitpanda isapproaching its 10th anniversary and, according to its representatives, lookspositively towards the future. However, after very good initial months of 2024,the cryptocurrency market is showing signs of overheating, and the price of BTChas fallen this week to nearly two-month lows. Since the beginning of June,Bitcoin has lost about 10%.

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LBBW Announces Partnership with Bitpanda for Crypto Custody Services

Landesbank Baden-Württemberg (LBBW), Germany's state-backedlender, has unveiled plans to venture into cryptocurrency custodyservices. In a strategic move, LBBW has announced a partnership with theAustrian exchange platform Bitpanda to facilitate this initiative.

Expansion into Cryptocurrency Custody

This collaboration aims to provide LBBW with the necessaryinfrastructure for "Investment-as-a-Service," enabling the storageand procurement of various cryptocurrencies, including bitcoin and ether.

"By offering crypto-asset custody, we are positioningourselves with a clear added value for our corporate clients while ensuringthe highest security standards," Stefanie Münz, the Member of the LBBW Boardof Directors responsible for Finance, Strategy and Operations, said in a pressstatement. "Bitpanda provides the necessary technical and regulatoryinfrastructure to offer our customers innovative and, above all, securesolutions in the area of digital assets."

New partnership alert: Bitpanda x LBBW Landesbank Baden-Württemberg, Germany's largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!Bitpanda Technology Solutions provides LBBW with an "Investment-as-a-Service" infrastructure in pic.twitter.com/hIwNXp9Wp4

Services to Launch for Corporate Clients in 2024

Initially, the crypto custody services will be targetedtowards corporate clients, with a market launch scheduled for thelatter half of 2024. This reflects the increasing interest and demand forcryptocurrency-related services within the financial sector.

"The demand from our corporate customers for digitalassets is increasing. We are convinced that crypto assets will establishthemselves as a building block for further business models. With thecooperation, we are creating the technical and regulatory basis at an earlystage to best support the individual crypto strategies of our corporatecustomers," said Jürgen Harengel, the COO of Corporate Bank at LBBW.

Earlier, BayernMunich, the German football club, announced a multi-year partnership with Bitpanda,as reported by Finance Magnates. Bitpanda has become the club's platinumpartner and official crypto trading sponsor. The partnership was revealed atBayern's home stadium, the Allianz Arena, during a match against TSG Hoffenheimon January 12 this year.

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Bitpandas Latest Achievement: Securing Third MiCA License in Austria

Bitpanda, a leading cryptocurrency exchange platform, has recently secured its third MICA license in Austria. This significant milestone solidifies Bitpanda’s position as a trusted player in the digital asset industry. The Market in Crypto Assets Regulation (MICA) is a set of regulations aimed at standardizing rules and regulations for cryptocurrencies and related services within the [...]

The post Bitpanda’s Latest Achievement: Securing Third MiCA License in Austria appeared first on Crypto Breaking News.

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Bitpanda Secures its Third MiCA License from Austrian Regulator

Bitpanda has now acquired its third MiCA license, this time from Austrias 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 […]

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Bitpanda Pro Renames to One Trading, Finishes Funding Round

Bitpanda Pro, a popular Austrian-based crypto exchange, announced today (Wednesday) a rebranding and the successful completion of a financing round amounting to EUR 30 million. According to customer information, the name has been changed to One Trading.

From an email sent to Finance Magnates, it appears that the name was changed to prevent future confusion for customers between Bitpanda and One Trading.

Bitpanda Pro Becomes One Trading

Bitpanda Pro is a platform independent of Bitpanda retail brokerage, launched in 2019 to provide a regulated and secure place to exchange digital assets. Bitpanda decided to rename Bitpanda Pro to One Trading but will retain a minority stake in the venture. However, the value of this stake has not been disclosed.

"Since we first launched Bitpanda Pro, given its potential, we always knew and planned that its success would naturally make it evolve to become its own business," Eric Demuth, the CEO of Bitpanda, stated in a press release.

Today;s (Wednesday) press release speaks of a successful funding round worth EUR 30 million, led by Valar Ventures, which was a venture capital co-founded by the well-known cryptocurrency entrepreneur Peter Thiel.

Our rebranding is a major step to strengthen our crypto asset offerings and addressing the lack of regulated venues in Europe ???? we plan to launch various sophisticated products, like derivatives & more spot crypto assets, catering to both retail and institutional investors. ??

Although Bitpanda Pro was renamed, its current CEO, Joshua Barraclough, will retain his position and will steer the new venture.

"We want to make crypto trading safe and accessible for all and bridge the gap to provide an institutional-grade platform for all customer types," Barraclough said.

Bitpanda will retain a stake in the business, but the new company will be fully separated from the main Bitpanda group and continue to develop advanced trading products for retail investors, professionals and institutional customers.Learn more: https://t.co/0RzqzmvsE2

One Trading has made significant changes to the existing Bitpanda Pro infrastructure, aiming to allow users to create and cancel orders in less than 250 microseconds. The company further promises low fees, deep order books, and liquidity protection. At the same time, it wants to offer a membership model rather than the traditional pay-per-transaction model.

Although the new Bitpanda Pro has made ambitious promises in its official communication, Reddit and Twitter users reported initial problems with One Trading's operation.

Scheduled Service Maintenance

In a Reddit thread, a user named 'gitarr' reported that Bitpanda Pro customers received emails about rebranding on Wednesday.

The website 'exchange.bitpanda.com', which until now directed to Bitpanda Pro, now leads to 'exchange.onetrading.com' (One Trading). Although the site is now functioning normally, trading is still suspended, and users cannot withdraw funds. Neither blockchain withdrawals nor the Bitpanda Pro mobile application is working. 'Gitarr' claims the exchange did not previously warn its users that it was planning to take such a step.

However, according to information emailed to Finance Magnates, the service interruption was anticipated. The platform announced a maintenance window in line with the best industry practices.

"All markets will shortly reopen and all functionality will be restored," the company commented.

Bitpanda said it was tied up with Coinbase a month ago to help the cryptocurrency exchange with the European expansion. The American exchange is using Bitpanda's services to cater to non-US institutions.

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Raiffeisen Bank to Launch Crypto Investment Service

Raiffeisenlandesbank Niederösterreich-Wien is teaming up with Bitpanda to provide crypto investment services. Customers can invest in various assets regardless of the capital amount. The new offering will feature over 2,500 digital assets, including Bitcoin and Ether. (Read More)

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Coinbase Ties with Bitpanda for European Expansion

Two established crypto exchanges, Bitpanda and Coinbase, have entered a mutually beneficial partnership. Coinbase will use Bitpanda Technology Solutions to offer services to institutional clients outside of the United States, while Bitpanda will add Coinbase Exchange to its network of approved liquidity providers.

Coinbase and Bitpanda Inks Strategic Partnership

Announced on Thursday, the collaboration 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."

The partnership will also provide "institutions the ability to leverage Bitpanda's vast set of regulatory licences and KYC-as-a-service to speed up their go-to-market time across Europe, all with the look and feel of their own brand — their design, our technology."

Headquartered in Austria, Bitpanda was founded in 2014 and now has become a prominent European crypto trading venue. Apart from its home country, the exchange is also regulated in Spain, France, Germany, Italy, and a few other European countries.

The exchange also entered the United Kingdom last year, acquiring London-based Trustology, a regulated institutional cryptocurrency custodian wallet provider. It rebranded that FCA-regulated operation to Bitpanda Custody.

Bitpanda also registered itself with the UK's FCA as a crypto exchange, which is mandatory for any crypto business in the country. However, it is yet to offer exchange services to UK residents.

A White-Label Crypto Service?

"Since launching our innovative Investment—as-a-Service (IaaS) solution, Bitpanda Technology Solutions, we've gained the trust of leading fintechs, traditional banks and online platforms to bring an easy and swift route to meeting the increasing demand for modern investing solutions," the announcement stated.

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

Coinbase, a US-listed cryptocurrency exchange, is accelerating its European presence when it locked horns with the securities market regulator in the US. The exchange is expecting enforcement action again following a Wells Notice by the Securities and Exchange Commission. However, Coinbase also dragged the SEC to court for not clarifying the crypto-rule-making process.

Earlier this month, Coinbae launched a derivatives exchange outside the US. It also received a Bermuda license earlier this year following the exchange's CEO, Brian Armstrong, hinted that Coinbase could leave the US.

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Bitpanda and Raiffeisen Unit Partner to Offer Crypto for Banking Customers

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Crypto exchange Bitpanda and a Vienna-based unit

The post Bitpanda and Raiffeisen Unit Partner to Offer Crypto for Banking Customers appeared first on BTC Ethereum Crypto Currency Blog.

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Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

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. According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its customers with a broad range of cryptocurrencies through Bitpanda’s Software as a service (SaaS) offering. [...]

The post Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services appeared first on Crypto Breaking News.

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Bitpanda secures licensing agreement with Coinbase as part of strategic partnership

As part of the collaboration, Bitpanda will incorporate Coinbase Exchange into its roster of authorized liquidity providers.

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Plum Works with Bitpanda, Offers Crypto Investing in the EU

<p> Plum Fintech Limited, a smart money app operator licensed by the Financial Conduct Authority (<a href="https://www.financemagnates.com/tag/fca/" target="_blank">FCA</a>), has added crypto assets to its investment products line due to the partnership agreement with Bitpanda. Plum with clients from France, Belgium, Ireland and Spain can now buy, hold and sell five of the most popular <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_1" class="terms__main-term">cryptocurrencies</a>.</p><p class="MsoNormal">According to the press release, the company plans to offer only 'more established' crypto tokens that can provide more stable long-term trading opportunities and reduce unnecessary risk. The current list of five cryptos includes <a href="https://www.financemagnates.com/tag/bitcoin/" target="_blank">Bitcoin </a>(BTC), <a href="https://www.financemagnates.com/terms/e/ethereum/" target="_blank" id="230aa7bc-daf7-4523-af41-90671a2e79de_1" class="terms__secondary-term">Ethereum</a> (ETH), Solana (SOL), Cardano (ADA) and Binance Coin (BNB).</p><p class="MsoNormal">"Our customers in the EU are keen to explore crypto as an asset class, so we are delighted to be bringing them this new service in a quick and secure way. At Plum, our aim is to offer superior financial tools to help people grow their money over time in the most efficient way possible,” Victor Trokoudes, the CEO and Co-Founder of Plum, commented.</p><p class="MsoNormal">“We’ve chosen to offer five, more established coins at this stage as we want to make financial management simpler for people and encourage a longer-term investing approach instead of shorter-term trading.”</p><p class="MsoNormal">Cryptocurrencies at Plum can be purchased from €1. However, the transaction commission, a fixed rate of 2.5% per transaction, does not look encouraging compared to competitors’ offerings. By comparison, Robinhood does not charge any fees, while another investment platform from Europe, BUX, charges 0.5% per transaction. </p><p>Zero-Fee Stock Trading in the EU and Over 1m Customers</p><p class="MsoNormal">Earlier this year, Plus expanded its offering with <a href="https://www.financemagnates.com/tag/zero-fee/" target="_blank">commission-free</a> stock trading in the European Union (EU) states. Adding crypto to the current product range should allow for building a wider consumer base and better portfolio diversification.</p><p class="MsoNormal">Plum <a href="https://www.financemagnates.com/tag/fintech/" target="_blank">Fintech </a>Limited was established almost seven years ago, developing automatic savings and expense management services as well as adding investment options over time. More than 1.4 million customers currently use the app.</p> This article was written by Damian Chmiel at www.financemagnates.com.

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Bitpanda is Germany's first "European retail" crypto platform.

Bitpanda has a crypto custody license from BaFin. Austrian crypto exchange can legally market to Germans. Bitpanda is regulated in Austria, the UK, Italy, the Czech Republic, Spain, Sweden, and France. (Read More)

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Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so

The other licensees included three European institutional investment platforms and one U.S.-based retail platform.

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Bitpanda Obtains Crypto License in Germany

<p> Bitpanda, a cryptocurrency exchange <a href="https://www.financemagnates.com/terms/s/startup/" target="_blank" id="faa35d08-52b2-4b16-9fca-cc970781391c_1" class="terms__main-term">startup</a> from Austria, has registered in Germany as a crypto custody service and proprietary trading provider. Through its local branch, Bitpanda Asset Management GmbH, the platform can now independently offer its products to German traders and investors.</p><p class="MsoNormal">According to the press release, <a href="https://www.financemagnates.com/tag/bitpanda/">Bitpanda</a> had been applying for German authorization for months. After successfully finishing the licensing procedure, the cryptocurrency startup is currently licensed in the Czech Republic, Sweden, the UK, <a href="https://www.financemagnates.com/cryptocurrency/regulation/bitpanda-gains-crypto-license-in-spain/">Spain</a>, Italy and France.</p><p class="MsoNormal">Multiple licenses in different jurisdictions will better separate customers' funds from the exchange's assets, providing them with greater security, the CEO and Co-Founder of Bitpanda, Eric Bemuth, said in a statement. </p><p class="MsoNormal">Bitpanda is the first fintech unicorn from Austria. The company raised $170 million in March 2021, which pushed its valuation to $1.2 billion. The Series B funding round was led by the venture capital firm, Valar Ventures, founded by Andrew McCormack, Peter Thiel and James Fitzgerald. It was one of the largest amounts of capital raised in the Old Continent.</p><p class="MsoNormal">"Bitpanda will be able to maintain an order book and directly market services for crypto assets, enabling them to provide a secure and regulated environment for German customers to invest in a wide range of <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_1" class="terms__secondary-term">cryptocurrencies</a>," the company said in a press release quoted by CoinDesk.</p><p class="MsoNormal">Crypto Regulations in Europe Getting Closer?</p><p class="MsoNormal">Following the <a href="https://www.financemagnates.com/cryptocurrency/ftx-the-rise-the-fall-and-the-reaction/">FTX cryptocurrency exchange's collapse</a>, regulators worldwide are taking a closer look at the digital asset industry. Many experts believe this will lead to substantial and restrictive regulation of the entire industry. </p><p class="MsoNormal">The European Union, where Germany is a major member, is getting closer to regulating the niche. The entity has finalized a framework for supervising crypto service providers and issuers who would like to operate in any of the 27 member states.</p><p class="MsoNormal">However, the regulations at the European level will not come into force until 2024. Therefore, individual countries, including Germany or <a href="https://www.financemagnates.com/tag/france/">France</a>, are issuing their own regulatory licenses. However, the French are ready to discard the local regulatory system for cryptocurrencies when the European Markets in Crypto Assets (MiCA) comes into force.</p> This article was written by Damian Chmiel at www.financemagnates.com.

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N26 Partners With Bitpanda To Introduce Crypto Trading Feature

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, […]

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Crypto Investment Platform Bitpanda Launches Commodities Trading

Bitpanda has launched the ability for investors to trade commodities as the crypto trading platform continues to expand its product offerings beyond cryptocurrency, stocks, and precious metals, among others. (Read More)

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Chiliz Price Skyrockets, Will This Bullish Run Continue?

Chiliz has burst through to the limelight by helping entertainment and sports firms with blockchain-backed tools to allow them to monetize their viewership. The subscription is the access link through which fans obtain voting rights and early tickets. Also, the direct access fans have to their desired soccer teams is a function of Chiliz blockchain technology and token. Through the CHZ token, fans can easily access the Fan Tokens of their desired soccer teams. The CHZ token is the native digital currency of Chiliz. Fans purchase these tokens through a platform known as socios.com. Socios is a crowd management platform that functions as the powerhouse of the Chiliz experience. Related Reading: This Indicator Predicts Potential Decline Ahead For Bitcoin Price Before now, fans access their favorite soccer clubs by getting merchandise and watching football matches. But with the Chiliz experience, these sports fanatics can connect to their desired teams in real-time. Additionally, fans now significantly influence their favorite clubs’ decision-making process. Increased Trading Volume of Chiliz Chiliz is one of the most significant digital currencies in the crypto market. This is a cause for surprise considering the present trend of the market. Sentiments show a recent increase in the transactions of whales. The growth is similar to that achieved a few months back (March 29), when Chiliz hit its top price of $0.3008. However, that’s not the current price of the token. According to the on-chain tracker, this increase will likely continue for longer than expected. ????? #Chiliz has peppered its way into the top 40 #crypto assets by market cap and +150% price surge in the past 4 weeks. Whale transactions hit the highest network amount since March 29th. Even if whales are profit taking, the $CHZ rally could continue. https://t.co/94WHoTk9XE pic.twitter.com/3xz7FgSlMU — Santiment (@santimentfeed) August 24, 2022 While the crypto market still rides along the red zone, Whalestats reports a surge in the trading volume of Chiliz. Chiliz has successfully secured a position among the first ten most traded digital currencies in the last 24 hours. The event has resulted in enormous profits for major whales, as per the reports. This is particularly true, judging from the rate at which the digital token, Chiliz, has surged. Dating from last month, the token has appreciated more than 150%. Currently, CHZ trades at a price just above the $0.240 mark. The occurrence has given the cryptocurrency a place among the top 40 digital currencies in the crypto market. Meanwhile, the market cap of the Chiliz token is about $1.45 billion. According to MarketWatch, the token’s trading volume has surged by 23% in the last 24 hours, bringing it to $9,047 million Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? The price of Chiliz, dating from three days back, has surged to 25%. Before now, the token has been hovering around the $0.25 price mark. But according to Bitpanda pro data, the whales’ efforts have led the cryptocurrency past that mark. Moreover, since June 18 this year, the appreciation in CHZ price has also resulted in the rise of fan tokens. Featured image from Pixabay, chart from TradingView.com

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