Bitpanda, an Austrian exchange, announced Tuesday that it has obtained a crypto licence in Germany through its local unit. Bitpanda Asset Management GmbH can independently offer crypto custody as well as proprietary trading for crypto assets for German residents, according to a press release from the German Federal Financial Supervisory Authority (BaFin). “Bitpanda will also be able to maintain an order book and directly market services for crypto assets, allowing them to provide a secure and regulated environment for German customers to invest in a wide range of cryptocurrencies,” the company said.
