Bitpanda Launches Institutional-Grade Crypto Trading Platform in Europe

Introducing Bitpanda Wealth Bitpanda's Newest Innovation. An Institutional-Grade Crypto Trading Platform Offering Unmatched Security and Cold Storage. Ideal for High-Net-Worth Individuals and Corporate Treasuries Seeking Secure Crypto Investment Solutions in Europe.

Bitpanda has introduced a new institutional crypto platform featuring cold storage.

Image Source: Bitpanda

The Austrian fintech unicorn, Bitpanda, is making waves with its latest development – the launch of an institutional-grade cryptocurrency trading platform. Bitpanda Wealth, as it is called, is designed to cater to the growing demand for institutional crypto services in Europe. The platform aims to provide a comprehensive suite of services for high-net-worth individuals, family offices, external asset managers, and corporate treasuries.

Bitpanda Wealth stands out from the competition by leveraging the same trusted infrastructure used by major European banks. This ensures a high standard of security and reliability for its users. The platform offers a range of services, including crypto investment facilitation, management and reporting services, as well as leverage products, exchange-traded funds, commodities, and other assets. By targeting an underserved sector in Europe, Bitpanda is capitalizing on the notable interest and demand for a distinct service.

💼 A Solution Built on Trust

Bitpanda’s institutional platform is backed by Bitpanda Custody, its proprietary custody solution. Bitpanda Custody employs cold storage techniques to safeguard clients’ assets. The platform, registered with the United Kingdom’s Financial Conduct Authority, provides segregated wallets for institutional investors, service providers, token issuers, and corporate treasuries. The use of cold storage sets Bitpanda apart from traditional exchanges, as it minimizes the risk of security breaches and hacks.

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“When it comes to asset security, we are monitored by multiple financial market authorities, and have our funds and business practices regularly validated by external parties. We are trustees on behalf of our users, and all of their funds are held in cold storage — that’s a major difference between Bitpanda and an exchange.” – Eric Demuth, Co-founder and CEO of Bitpanda.

🗝️ Cold Storage for Ironclad Security

Cold storage, or cold wallets, provides one of the most secure ways to store private keys, which are essential for accessing crypto holdings. Unlike hot wallets used by many crypto trading platforms, cold wallets are offline and disconnected from the internet. This significantly reduces the chances of security breaches and hacks, ensuring the safety of users’ funds.

📈 The Journey Continues

Bitpanda is no stranger to serving institutional clients. In 2019, the company launched Bitpanda Pro, a brokerage services platform and an over-the-counter trading desk aimed at institutional investors. Following a successful Series A round, Bitpanda Pro was rebranded as One Trading in 2021. The separation of One Trading from Bitpanda allowed for a more focused approach to serving institutional clients.

Bitpanda has actively engaged with regulators to obtain the necessary licenses to offer its services. The company holds licenses in multiple European jurisdictions such as Austria, Germany, France, Czechia, and Sweden. In 2023, Bitpanda also played a pivotal role in assisting Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien in launching crypto trading services.

🤔 Reader’s Corner: Q&A

Q: What advantages does Bitpanda Wealth offer compared to other institutional crypto trading platforms?

A: Bitpanda Wealth sets itself apart by utilizing the trusted infrastructure used by major European banks, ensuring a high level of security and reliability. Its proprietary custody solution, Bitpanda Custody, employs cold storage techniques, adding an extra layer of protection for clients’ assets. Additionally, the platform offers a comprehensive suite of services, including leverage products, exchange-traded funds, and other assets, making it a one-stop-shop for institutional investors.

Q: How does Bitpanda Custody’s cold storage ensure the security of assets?

A: Cold storage, also known as cold wallets, is an offline storage solution that keeps private keys disconnected from the internet. By eliminating the exposure to online threats, such as hacking attempts, cold storage significantly reduces the risk of security breaches. Bitpanda Custody uses this secure method to store users’ funds, ensuring the safety of their assets.

📚 Further Reading

1. Spot Bitcoin ETF Custody vs. Exchange Custody: What’s the Difference?
2. Robinhood Launches Crypto Trading Services in Europe
3. CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie And Add US Arm
4. Telegram Trading Bots Use Crypto
5. 10 Best Long Reads About Crypto in 2023

🚀 Future Outlook and Conclusion

The launch of Bitpanda Wealth marks a significant step forward in the institutional adoption of cryptocurrencies. By providing a trusted and comprehensive platform, Bitpanda aims to meet the growing demand for crypto services among high-net-worth individuals, family offices, external asset managers, and corporate treasuries.

As the institutional interest in cryptocurrencies continues to rise, platforms like Bitpanda Wealth will play a critical role in bridging the gap between traditional finance and digital assets. The use of cold storage and institutional-grade infrastructure sets a new standard for security and reliability in the crypto industry. With its track record and commitment to regulatory compliance, Bitpanda is poised for further growth and success in the evolving landscape of digital finance.

So, if you’re an institutional investor looking for a reliable, secure, and user-friendly platform to delve into the world of cryptocurrencies, look no further than Bitpanda Wealth.

Don’t hesitate to share this exciting news with your friends and colleagues. Happy investing! 💰

Note: The information provided in this article is based on publicly available sources and does not constitute financial or investment advice. The author is not affiliated with Bitpanda or any mentioned companies. Readers should do their own research and consult with a professional financial advisor before making any investment decisions.

Reference list: 1. Awesomelinking: Spot Bitcoin ETF Custody vs. Exchange Custody: What’s the Difference? 2. Blocking.net: Robinhood Launches Crypto Trading Services in Europe 3. Awesomelinking: CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie And Add US Arm 4. Blocking.net: Telegram Trading Bots Use Crypto 5. Blocking.net: 10 Best Long Reads About Crypto in 2023

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