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Coinbase Ramps Up Efforts to Expand in Europe, Partners With Bitpanda

Austrian crypto exchange and trading platform Bitpanda will be working with Coinbase to connect America’s largest exchange with European banks. The move is the latest effort by Coinbase to expand overseas following the U.S. regulatory war on crypto. Furthermore, Coinbase will become a liquidity provider for Bitpanda Technology Solutions (BTC). Several banks, including Austrian Raiffeisenlandesbank, German neo bank N26, the French fintech firm Lydia, and UK investment firm Plum, are already using the service. According to BitPanda COO Lukas Enzersdorfer-Konrad, the rollout of Europe’s MiCA regulations will enable banks to offer crypto services to customers.

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