Bitpanda, a cryptocurrency investment company based in Vienna, has recently finalized a licensing agreement with Coinbase, which will make the latter a liquidity provider for the Technology Solutions of the company.
According to this announcement, the collaboration between both of the entities will also enable Coinbase to offer one of the most scalable infrastructures to their institutional clients, such as the banks and financial institutions located outside of the United States.
This partnership will also allow the exchange to provide its institutional clients outside the country with a fully regulated trading infrastructure. Also, as a part of this agreement, the company will also integrate the Coinbase Exchange into its network of approved providers of liquidity.
Bitpanda Could Be Used As An Accessory By Coinbase
This grants most of the institutions the ability to leverage the regulatory licenses of Bitpanda and KYC as a service in order to streamline the entry into the European market while they maintain their own form of brand identity. The co-CEO and the co-founder of the company, Eric Demuth, recently shared on Twitter that this deal had been forged on the basis of a shared vision for the future of digital assets and a commitment made mutually for transparency, trust, and security.
As a highlight to the regulatory challenges that Coinbase has been facing in the US regulatory, the exchange has been making a bid to expand beyond the United States. On 18th May, the exchange launched a zero trading fee subscription service which has been called the Coinbase One, with multiple plans of rolling it out across 35 countries. It needs to be seen if Bitpanda would serve its purpose as well or not.
