Bitpanda has successfully obtained a markets in crypto assets license from the German Federal Financial Supervisory Authority enabling it to operate across all 27 European Union nations. The license marks a significant step for the Austria-based exchange which boasts six million users as of December. With this new authorization Bitpanda aims to accelerate its expansion and increase its user base significantly.

CEO and co-founder Eric Demuth highlighted the importance of this achievement stating the milestone will allow the company to offer easy and safe investing to over 450 million people. He expressed confidence in Bitpanda’s potential to dominate the market thanks to this new growth avenue.

Other companies like Boerse Stuttgart Digital MoonPay BitStaete ZBD and Hidden Road have also secured their MiCA licenses from BaFin. Bitpanda joins these ranks setting the stage for a broader and more robust crypto market presence within the EU.