Vienna-based cryptocurrency investment firm Bitpanda has entered into a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions. According to the announcement, the collaboration between the two entities will allow “Coinbase to offer one of the most scalable investment- as-a-service infrastructures for its institutional clients, such as banks and financial institutions outside the United States.”
This strategic partnership will allow Coinbase to offer a fully regulated trading infrastructure to its institutional clients outside the United States. Additionally, as part of the agreement, Bitpanda will integrate Coinbase Exchange into its network of approved liquidity providers. Th is enables institutions to leverage Bitpanda's regulatory clearance and KYC-as-a-service to simplify the process of entering the European market while maintaining their own brand identity.
Bitpanda co-founder and co-CEO Eric Demuth shared on Twitter that the deal was based on a shared vision for the future of digital assets and a shared commitment to trust, transparency and security. Given the regulatory challenges Coinbase continues to face in the United States, the cryptocurrency exchange is working to expand beyond the United States. On May 18, Coinbase launched a subscription service with zero transaction fees called “Coinbase One,” and plans to roll it out in 35 countries.
Additionally, on May 2, Coinbase officially announced the launch of Coinbase International Exchange (CIE), a new institutional platform designed for cryptocurrency derivatives trading.
