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Coinbase strengthens its expansion efforts in Europe and is entering into a partnership with Bitpanda
The Austrian crypto exchange and trading platform Bitpanda will work with Coinbase to combine America's largest stock exchange with European banks. The step is the latest attempt by Coinbase to expand against cryptocurrencies abroad after the US regulatory war. Through the partnership, Coinbase can use Bitpanda's business infrastructure layer to establish a direct connection to banks and fintech companies. In addition, Coinbase will be liquidity providers for Bitpanda Technology Solutions (BTC), the company's "Investing-As-A-Service" department. According to reports, this will enable institutional customers of the platform to integrate the trade infrastructure and to offer their own customers crypto investment and storing tools. Several banks, including the Austrian Raiffeisenlandesbank, the ...
Coinbase strengthens its expansion efforts in Europe and is entering into a partnership with Bitpanda
The Austrian crypto exchange and trading platform Bitpanda will work with Coinbase to connect America's largest stock exchange with European banks.
The step is the latest attempt by Coinbase to expand against cryptocurrencies abroad after the US regulatory war. Through the partnership, Coinbase can use Bitpanda's business infrastructure layer to establish a direct connection to banks and fintech companies.
In addition, Coinbase is liquidity providers for Bitpanda Technology Solutions (BTC), the “Investing-As-A-Service” department of the company.
Several banks, including the Austrian Raiffeisenlandsbank, the German Neobank N26, the French Fintech company Lydia and the British investment company Plum, use the service.
Coinbase branches
According to Bitpanda-Coo Lukas, Enzersdorfer-Konrad, the introduction of European Mica regulations will enable banks to offer their customers cryptodes. Banks can see how much of their customer money has flowed into crypto companies, he told Coindesk and added:
"You understand how much business you miss and how much more of your customers would do this business if you had enough trust in the process."
"Bitpanda and Coinbase have the common goal of making investments in digital assets safe and protected in a regulated manner," he added.
Guillaume Chatain, head of the institutional sales EMEA and APAC at Coinbase, said that the company is working hard to "update the financial system through the development of trustworthy products that expand the benefits and acceptance of crypto".
Coinbase is exposed to increasing regulatory pressure in his home area in the United States after the Securities and Exchange Commission threatened with legal steps in March.
Your petition, in which it demanded more clarity to the crypto regulations, rejected the SEC on the grounds that securities laws were already in force and there is no need for new laws for the new investment class.
outlook on the cryptom market
The cryptoma markets have fallen strongly today, with the total capitalization declining by 3.3 % and the level fell under the support. As a result, the total upper limit fell to a two-month low of $ 1.14 trillion.
Bitcoin fell by $ 26,068 after a decline, while Ethereum fell to $ 1,778 after a decrease of 3.7 %.
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