The company has gained the authority to provide more than 500 crypto assets to investors in the United Kingdom. Lukas Enzersdorfer-Konrad, Vice President of Bitpanda, stressed that the company’s services in the United Kingdom will be parallel to the services in the European Union.

In other words, there is no difference in terms of crypto currencies and services offered by the company. This means a wide range of crypto and various services offered by Bitpanda to investors.

Bitpanda’s services will be offered in the UK, Stinging, saving plans and crypto indices. With the FCA approval, the company had the opportunity to provide more crypto currencies and financial services to investors in the UK.

This development was an important step after Bitpanda temporarily stopped the new user applications in the UK in 2023.

In October 2023, the FCA began to implement a tighter financial promotions (Finprom) regime, which caused Bitpanda’s temporarily restriction on its services. However, existing users were able to continue to use their accounts.

Bitpanda offers crypto storage services not only for individual investors in the UK, but also for commercial customers. In 2021, the company began to provide crypto storage services to its commercial customers in the UK.

This helped Bitpanda to increase the effectiveness of the local market in the United Kingdom, and with the approval of the FCA, this activity was further reinforced. In addition, the regulations of Bitpanda with the European Union allow the company to operate under a united regulation regime in all EU countries.

Bitpana received a license on January 23, 2025 under the Mica (Crypto Regulation on Crypto Assets), and thus operating legally in the 27 EU member states.

It is stated that the crypto services of Bitpanda in the United Kingdom will be similar to other services in Europe. Enzersdorfer-Konrad said that the company has constantly expanded its range and lists more than 100 new coins last year. However, it is emphasized that the company is not planning to list a special coin in the UK.

Bitpanda always aims to add the best crypto range and new coins to improve the quality of the services it offers. However, it is stated that there is no distinction in the services offered by the company and that investors will receive the same services as in other European countries.

Regulation in the UK has also influenced other crypto currency platforms. FCA’s arrangements on crypto beings led to some large stock exchanges, such as Coinbase, Crypto.com and Kraken’s stabilcoins, such as TETHER’s USDT.

However, Bank announced that it has decided not to offer USDT in the UK and the EU. This is considered a movement compatible with FCA’s regulations.