Bitpanda Technology Solutions, based in Vienna, has finalized a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions.
According to the announcement, the partnership will allow “Coinbase to offer one of the most scalable Investing-as-a-Service infrastructures to their institutional clients, such as banks and financial institutions outside the United States.”
This strategic alliance will enable Coinbase to offer its institutional clients outside the United States a fully regulated trading infrastructure.
In addition, Bitpanda will integrate Coinbase Exchange into its network of approved liquidity providers as part of the agreement.
This enables institutions to utilize Bitpanda’s regulatory licenses and KYC-as-a-service to streamline their entry into the European market while preserving their brand identity.
Eric Demuth, co-founder and co-chief executive officer of Bitpanda, explained on Twitter that the agreement was based on a shared vision for the future of digital assets and a mutual commitment to trust, transparency, and security.
In light of the regulatory obstacles Coinbase continues to face in the United States, the cryptocurrency exchange is attempting to expand internationally.
Coinbase launched “Coinbase One,” a subscription service with no trading fees, on May 18, with plans to roll it out in 35 countries.
In addition, Coinbase announced on May 2 the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for trading crypto derivatives.