Bitpanda gains FCA approval to offer more than 500 cryptocurrencies in the UK
Bitpanda expands services in the UK
The Austrian cryptocurrency platform Bitpanda has received approval from the UK's Financial Conduct Authority (FCA) and plans to introduce trading for more than 500 cryptocurrencies.
For Bitpanda, FCA approval is a significant milestone, as the company had suspended onboarding new users since 2023 due to stricter crypto marketing regulations.
Progress was made after the firm obtained a license on January 23 under the European Union’s Markets in Crypto-Assets (MiCA) Regulation. This license allows Bitpanda to operate across all 27 EU member states under a unified regulatory framework.
MiCA licensing is particularly important for the company.
Bitpanda's crypto offerings in the UK will be similar to those available in Europe. The approval also enables Bitpanda to provide various crypto services to UK investors, including staking, savings plans, and crypto indices.
“Currently, Bitpanda offers more than 500 cryptocurrencies, making it the widest selection available to UK investors,” Bitpanda’s Deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph.
He also added that Bitpanda’s UK offerings would not differ from its EU services and that the company currently has no plans to list coins exclusively for the UK market.
As we wrote, as of February 2025, the maximum leverage available on Bitpanda for trading in the spot market is 1:2. This means that traders can amplify their positions by up to 2 times, potentially increasing both their profits and losses.
