Bitpanda, an Austria-based cryptocurrency exchange and trading platform, has partnered with Coinbase (COIN) to connect major US-listed exchanges and European banks looking to offer digital assets to their customers. Partner.
The just-announced partnership will allow Coinbase to connect directly to banks and fintechs with his B2B infrastructure provider, Bitpanda Technology Solutions. According to BitPanda COO Lukas Enzersdorfer-Konrad, banks continue to attract customers despite the reputational damage to the asset class from the past year's winter recession and cryptocurrency bankruptcies. It is said that it is attached. It means that you are making progress. He wants to be able to offer cryptocurrencies. This is especially true for Europe following the adoption of the Cryptocurrency Market Regulatory Framework (MiCA), he added.
“Coinbase has liquidity rooms and vaults on the exchange,” Enzersdorfer Konrad said in an interview with Coindesk. “But we don’t have all the infrastructure middle tiers that our partners can integrate to provide their end customers with cryptocurrencies traded and purchased on the Coinbase exchange and stored in Coinbase Custody.”
Bitpanda's crypto connections already exist to varying degrees. Banks, neobanks and fintech platforms such as traditional Austrian financier Raiffeisen Landesbank, European mobile bank N26, French money app Lydia, UK fintech Plum and Italian mobile bank Hype. Enzersdorfer Konrad said, “Banks can view data on payment transactions and see how much their customers have sent to cryptocurrency companies.” “They understand how much business they are losing and how many more customers they could gain if they dared to participate in the process.”
“[Coinbase] Guillaume Chatain, Coinbase’s Head of Institutional Sales for his EMEA and APAC regions, is thrilled to partner with Bitpanda to provide joint services to institutions, saying in his statement: said like this.
