The Australia-based crypto exchange platform Bitpanda with a $4.1 billion valuation in 2021 has reportedly snatched Spain registration to operate as a crypto exchange and custody service provider. 

Specifically, The name of the firm reportedly made a presence in the Bank of Spain’s registry for crypto enterprises on June 16th. The registry itself opened in October last year. 

Currently , there are 15 establishments included in the registry. a spokesperson from Bitpanda offered further specification that the firm has been de-facto functioning in the nation since 2014. 

Spain will reportedly be the sixth nation from the EU in which the Vienna-headquartered firm managed to secure a license. In December 2020, it completed registration with the Financial Markets Authority of France, while in May and June this year, it was the first crypto provider outside of the nation to win a registration in Sweden, and among the pioneering ones to get the Italian virtual asset services provider (VASP) license.

As included in the firm’s announcement, Bitpanda co-founder and co-CEO Eric Demuth reportedly committed to the target of offering an environment supporting trading, with a sufficient level of security during the market turmoil. 

“As recent market developments have shown, where you buy your digital assets matters and we are going to always be prioritizing the safety of our community, as we are working relentlessly to build the best and the safest investment platform in Europe and beyond.”

In February this year, Bitpanda reportedly finalized the acquisition of the United Kingdom-headquarterd Trustology, a crypto custodian and wallet service provider, with rebranding plans for it to turn into Bitpanda Custody, and begin rolling out native crypto custody services concentrating on institutional investors. 

The exchange platform reportedly shared that its maiden purchase will be the founding stone to prepare for the official release of Bitpanda Pro, its prime brokerage services platform and an over-the-counter trading desk.