Coinbase joins forces with Bitpanda for European expansion

Visit partnership will enable the Californian to consolidate its presence at Europe taking advantage of Bitpanda Technology Solutions which will integrate Coinbase Exchange as main liquidity provider.

The unicorn and fintech crypto Bitpanda announced this Thursday a alliance with American giant Coinbase.

The latter aims to enable Coinbase to expand its presence on the European continent by leveraging the SaaS investment platform Bitpanda Technology Solutions developed by the Austrian company.

“This partnership will allow Coinbase Institutional customers to use Bitpanda’s ‘Investing-as-a-Service’ platform on a white-label basis and outside of the U.S., offering institutional customers the ability to integrate 24/7 trading across all of Bitpanda’s asset classes,” reads a statement shared with RoyalsBlue.com.

At the same time, Bitpanda Technology Solutions will integrate Coinbase Exchange as the main liquidity provider and Coinbase Prime will guarantee liquidity in the event of withdrawal, according to the announcement.

Earlier this month, Coinbase rolled out its One subscription service in Europe. The exchange led by Brian Armstrong is now seeking to reduce its dependence on US market as regulators raise their game with major crypto players.

We are delighted with this partnership with Bitpanda, which enables us to meet the needs of institutions looking to offer compliant and robust crypto services to their customers and the market,” said Guillaume Chatain, Head of Institutional Sales for the EMEA and APAC regions at Coinbase.

Bitpanda recently announced a $10 million investment in its new artificial intelligence division.

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