BCGAME - Free 5BTC Daily Bonus!Amid regulatory pressure in the US, centralized exchange Coinbase is expanding into Europe. Bitpanda, a Vienna-based exchange, announced on May 25 its partnership with Coinbase to provide a regulated trading infrastructure for its customers, such as banks and financial institutions outside the US.
“Bitpanda will add Coinbase as one of its core liquidity providers to ensure comprehensive support through Coinbase’s market-leading custody and liquidity solution,” the exchange said on its Twitter.
Bitpanda will add Coinbase as one of its main liquidity providers, to ensure comprehensive support through Coinbase's market leading liquidity and custody solution.
Read more about how Coinbase and Bitpanda Tech want to shape the world of investing: https://t.co/SOWdLsdGTE
— Bitpanda (@Bitpanda_global) May 25, 2023
The addition of Coinbase is part of the agreement between the exchanges, and could offer institutions “the ability to leverage Bitpanda’s vast suite of regulatory licenses and KYC-as-a-service to accelerate their time to market across the globe. Europe, all with their own brand look and feel – your design, our technology,” Bitpanda said in website.
It is worth remembering that, amid regulatory pressure from the crypto industry in the United States, Coinbase announced on May 16 that it will expand into Singapore and will launch trading for stablecoin USDC as well as staking for five cryptocurrencies for Singaporeans.
“We are updating our product in Singapore to cater to those looking for less volatile options to start or continue their crypto journey. Today, we are announcing some USDC updates for our Singapore clients. USDC is a type of cryptocurrency designed to be pegged to the US dollar, with the aim of providing stability and predictability in its value,” it said on its website.
