Radhika Parashar
- Bitpanda was founded in 2014 and is headquartered in Vienna, Austria
- It acquired its FCA approval in the U.K. earlier in February
- Binance, Coinbase, Gemini, and Kraken are other exchanges operating in the U.K.
In a move to expand its international presence, Bitpanda has announced its foray into the U.K. market. The Austria-based crypto exchange aims to make the country one of its too three markets in the next two years by 2027. The development comes at a time when the U.K. is actively working to draft comprehensive regulations to oversee the digital assets sector.
Announcing its U.K. entry, the exchange said that it has become the official crypto trading partner for the Arsenal Football Club in a multi-year deal.
“We’re not just launching in the UK – we’re showing up with strength, with scale, and with ambition,” said Bitpanda CEO, Eric Demuth on Thursday, August 14. “Arsenal is a symbol of excellence, heritage, and loyalty. That’s exactly the kind of brand we want beside us as we enter one of the most important markets in global finance.”
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Following U.K.’s licencing mandate, Bitpanda acquired its approval from the country’s Financial Conduct Authority (FCA) in February this year. At the time, the exchange had said it will bring a crypto-based savings plan to the market there.
The exchange, founded in 2014, is will now be competing with Binance, Coinbase, Gemini, and Kraken among others.
The U.K. is planning to bring a comprehensive set of regulations to oversee the crypto sector by 2026.
