By Nermeen Nabil Khear Popular crypto exchange Bitpanda has made significant progress in its expansion plans.
Bitpanda announced that it has just received approval from the Financial Conduct Authority (FCA) to operate in the United Kingdom. This means UK investors now have access to more than 500 cryptocurrencies on the platform. Furthermore, the license caters to extra services such as savings plans and staking.
Bitpanda Faces UK Setback Due to FCA’s New Crypto Rules
Bitpanda’s journey in the UK has been of mixed emotions. The exchange was forced to halt registrations for new users last year. This was due to new rules introduced by the FCA which made more demands on exchanges. The FCA demanded crypto exchanges, among other things, to provide a disclaimer on the volatile nature of crypto investments.
London Calling – Bitpanda is now FCA-approved and expanding to the UK!
We’re taking our secure, regulated crypto platform to the next level – now fully compliant in one of the world’s most important financial markets.
UK investors can access 500+ cryptocurrencies, staking,… pic.twitter.com/K1qMbtJZfp
— Bitpanda (@Bitpanda_global) February 12, 2025
Most crypto exchanges were unable to comply with the new measures and halted their UK operations as a result. Although Bitpanda could not register new users, the exchange was able to cater to existing users.
Bitpanda Gains FCA Approval to Expand in the UK
Now, the approval allows Bitpanda to welcome UK users once again. The exchange is no stranger to the UK, having operated in the region since 2021. Beyond the UK, Bitpanda has also made major expansion moves.
The trading platform recently secured MiCA approval, giving it a license to operate within the European Union. Plus, Bitpanda has also listed some new tokens, providing varieties for its massive user base.
Big news: Bitpanda has secured its MiCAR licence, granted by Germany’s BaFin – one of Europe’s top financial supervisory authorities.
This sets a new benchmark for transparency, security, and trust in crypto across the EU. With this licence, we’re ready to bring regulated… pic.twitter.com/i1PlxhwK6U
— Bitpanda (@Bitpanda_global) January 27, 2025
However, the exchange has no plans to list UK-specific coins. Instead, UK users will access similar assets as traders in the EU.
No USDT for the UK
One important thing to note is that Bitpanda will not offer USDT (Tether) to its UK or EU customers. Many crypto exchanges, including Coinbase and Kraken, have already started removing USDT from their platforms due to regulatory concerns. Nonetheless, Bitpanda’s FCA approval is a huge step forward for the company and UK investors, who now have more options to explore.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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