ChainCatcher news, the European digital asset platform Bitpanda has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) of the United Arab Emirates, and Bitpanda will facilitate the continuous growth of users in the Middle East and North Africa region.

ChainCatcher news, according to market news, the European cryptocurrency platform Bitpanda is considering potential options such as an IPO or sale.

ChainCatcher news, European cryptocurrency platform Bitpanda offers EU-regulated security tokens to retail investors.The first security token available on the Bitpanda platform is Steelcoin, which is a "regulated, transferable security" under the EU Prospectus Regulation, tracking the value of selected steel products.

ChainCatcher news, according to Cointelegraph, a state-owned bank in the United Arab Emirates (UAE), RAKBANK, has partnered with cryptocurrency infrastructure provider Bitpanda Technology Solutions to create a digital asset management platform for UAE residents.RAKBANK Group's Chief Customer Officer Dongjun Choi stated, "We believe that digital assets are one of the ways for future customers to manage their finances more effectively and securely." Although the partnership has been announced, the team also clarified that the platform still requires approval from the Central Bank of the United Arab Emirates.Choi also mentioned that this collaboration aims to "fill a market gap." The executive believes there is a need for a regulated banking platform to handle digital assets, and their goal is to provide customers with a broader range of digital asset opportunities. Through this partnership, the bank will not need to develop internal digital asset infrastructure.

ChainCatcher news, according to Bloomberg, cryptocurrency broker Bitpanda stated in a statement that following a net sales of 148 million euros (approximately 160 million dollars) in 2023, the company's revenue is soaring, with Bitpanda's net income exceeding 100 million euros in the first three months of 2024, thus profits for 2024 are expected to rebound to record levels.The privately held company based in Vienna recorded a pre-tax profit of 13.6 million euros last year, while in 2022 it suffered a loss of over 130 million euros. The company is currently benefiting from the recovery of cryptocurrency asset trading, optimization of its cost structure, and investment services provided in collaboration with banks. Bitpanda founder and CEO Eric Demuth stated, "We were able to endure through the long bear market and significantly expand with high profit margins during the bull market."

ChainCatcher news, according to TheDataNerd monitoring, 1 hour ago, a wallet (belonging to AmberGroup) deposited 8.932 million AGIX (5.09 million USD) and 2.133 million OCEAN (1.22 million USD) to Binance.The same thing happened on BitPandaGlobal, where they deposited 9.926 million OCEAN (approximately 5.94 million USD) and 15.331 million AGIX (9.16 million USD) to Binance.

ChainCatcher news, the cryptocurrency trading platform BitPanda has announced a partnership with Deutsche Bank, allowing German cryptocurrency traders to make real-time payments on BitPanda. This collaboration aims to enhance trading efficiency and security, providing liquidity for BitPanda's users in Germany.It is reported that the partnership with Deutsche Bank will allow BitPanda to use an API-based account solution, enabling the cryptocurrency trading platform to access German International Bank Account Numbers (IBAN). Users of BitPanda in the region will be able to utilize the deposit and withdrawal services of German IBAN, with all fiat deposit and withdrawal requests being settled in real-time through Deutsche Bank.

ChainCatcher news, according to Bloomberg, cryptocurrency trading platform Bitpanda, backed by billionaire Peter Thiel, expects that bank trading and the rise of digital assets may drive the company's profits to rebound to record levels in 2024.Bitpanda stated in a statement that following a net sales of 148 million euros (160 million dollars) in 2023, revenue is soaring, with net business income exceeding 100 million euros in the first three months of 2024.

ChainCatcher news, according to CoinDesk, European cryptocurrency exchange Bitpanda announced on Wednesday that it has expanded its partnership with the Austrian bank Raiffeisen's subsidiary based in Vienna to provide cryptocurrency services to customers of 55 bank branches in the country.Earlier this week, Bitpanda stated that it will open an office in Dubai, making the UAE its first expansion location outside of Europe.

ChainCatcher news, according to Bloomberg, Germany's largest state bank Landesbank Baden-Württemberg plans to collaborate with the cryptocurrency trading platform Bitpanda to provide cryptocurrency custody services for institutional and corporate clients in the second half of the year.

ChainCatcher message, according to monitoring by The Data Nerd, 20 hours ago, Bitpanda deposited 6.5 million FET (approximately 21.84 million USD) to Binance, with an unrealized profit of 18.21 million USD.

ChainCatcher news, according to bnnbreaking, the crypto trading platform Bitpanda has partnered with LeadBlock Partners to launch a €50 million blockchain investment fund, LeadBlock Bitpanda Ventures (LBV), aimed at fostering innovation in the blockchain and digital asset space.LBV's investment strategy primarily focuses on seed and pre-IPO stages, providing funding ranging from €250,000 to €2 million for startups. The fund's emphasis extends to middleware, application layers, and user-friendly interfaces.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange platform Bitpanda has announced that it will cease operations for residents of the Netherlands. A Bitpanda spokesperson stated that this move is aimed at fulfilling cooperation with local regulators and complying with local regulatory requirements.

ChainCatcher news, European cryptocurrency exchange BitPanda has announced that it has become a foreign entity licensed as a virtual currency service provider in Norway. BitPanda holds licenses in several European jurisdictions, including Austria, Germany, France, the Czech Republic, and Sweden, with over 4 million users, and is able to provide digital assets to European financial institutions and newcomers.

ChainCatcher news, the Austrian crypto trading platform Bitpanda has spun off its subsidiary Bitpanda Pro, aimed at institutional and professional traders, into an independent company named One Trading, and completed a €30 million Series A funding round, led by Peter Thiel's Valar Ventures, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Additionally, Bitpanda will retain a stake in the company.One Trading stated its intention to operate as a MiFID trading venue, while also holding a VASP license. This collaboration is expected to enable it to offer "capital-efficient spot and derivative products" to a wide range of clients. Meanwhile, the MiFID license will also allow the startup to list financial instruments. (The Block)

ChainCatcher news, Latin American cryptocurrency service provider Ripio announced on Tuesday that it has received approval from the Bank of Spain to operate as a "fiat currency virtual currency exchange service and digital wallet custody provider."Cryptocurrency exchange Bit2Me was the first company to receive a cryptocurrency license issued by the Bank of Spain, followed by Bitpanda, Crypto.com, Bitstamp, and BVNK, which also obtained approval to operate as exchanges in the region.Ripio was founded in Argentina in 2013, has 8 million users, and a monthly trading volume of $200 million. In September 2021, it completed a $50 million Series B funding round. (CoinDesk)

ChainCatcher news, Austrian cryptocurrency exchange Bitpanda has partnered with Coinbase. Coinbase will be added as a liquidity provider for Bitpanda Technology Solutions, and Bitpanda's "Invest as a Service" division will also start using Coinbase Prime's custody services. This deal will pave the way for Coinbase Institutional clients outside the U.S. to use the white-label Bitpanda Invest as a Service platform.It is reported that Austrian bank Raiffeisenlandesbank, German neobank N26, French fintech company Lydia, and the UK's Plum are already using the service. (The Block)

ChainCatcher news, the multi-chain token protocol Pantos developed by the cryptocurrency exchange Bitpanda has launched a multi-chain token issuance tool that allows users to configure and deploy their multi-chain tokens built on the Pantos Digital Asset Standard (PANDAS). Additionally, developers can extend contracts with custom functionalities.Pantos currently supports Ethereum, Polygon, Avalanche, BNB Chain, Cronos, Celo, and Fantom on the testnet. (Source link)

ChainCatcher news, according to Finextra, Austrian cryptocurrency exchange Bitpanda will invest $10 million to create an artificial intelligence department. The new department will offer a suite of AI-driven products and investment features, including personalized investment ideas, automated portfolio strategies, and real-time market analysis. (source link)

ChainCatcher news, according to Coindesk, the cryptocurrency trading platform Bitpanda has announced a partnership with Austrian investment bank Raiffeisen Bank International AG (RBI) to provide crypto lending services. The two companies have signed a letter of intent and will complete the evaluation of the offer by the end of the year.Raiffeisen Bank General Manager Michael Höllerer stated, "The partnership with Bitpanda aims to add innovative and secure aspects to our product range, allowing all customers to easily accumulate wealth." (source link)