European cryptocurrency platform Bitpanda is gearing up to broaden its reach within the 海角视频 market, having secured the green light from the City watchdog.
The Financial Conduct Authority (FCA) has given Bitpanda the thumbs-up to introduce its extensive range of 500 cryptocurrencies to British investors, as reported by .
Bitpanda's foray into the 海角视频 intensifies the heat on traditional banks, which are already grappling with the innovative prowess of fintechs and challenger banks.
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Speaking to City AM, Deputy CEO Lukas Enzersdorfer-Konrad laid out the stark options for 海角视频 banks: "The choice for 海角视频 banks is clear – either they develop a solution to offer trading to their users, or those users will look for an alternative."
He continued: "People want their money to do more, they want more choice in what they can invest in and when and how they can invest."
"They want convenience but not at the cost of security."
Enzersdorfer-Konrad pointed out that it was precisely this consumer demand that gave rise to fintechs and challenger banks, urging traditional banks to leverage platforms like Bitpanda to "deploy a world class solution in a few months, rather than an in-house version that might take years."
"On the broker side we think there is a huge opportunity to deliver secure crypto trading to millions of investors."
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"The demand is there, people want simple access to the market with a company they can trust," he elaborated to City AM. The Vienna-headquartered firm is set to make a "bold statement" as it brings its staking, savings plans, and crypto indices to the 海角视频 clientele.
Eric Demuth, CEO and co-founder of Bitpanda, has expressed his firm's unwavering commitment to 海角视频 expansion, describing the market as "the last missing piece to truly serve all Europeans". He stated: "Now, our focus is clear: deliver a product that meets the needs of 海角视频 investors. " He further added, "We’re ready to welcome British investors and take Bitpanda to the next level."