Bitpanda acquires UK's Trustology

Wednesday 23 February 2022 13:42 CET | News

Austria-based fintech unicorn, Bitpanda, has closed its first acquisition of UK-based crypto custodian wallet provider, Trustology, with a view to offering custodian activities in the UK and EU.

UK-regulated Trustology – to be rebranded Bitpanda Custody – will initially take custody of Bitpanda’s own assets across its retail, institutional and white labelling businesses. The company will now be able to perform custodian services in the UK, alongside its existing licences in the EU, and says it will use the partnership to expand its range of services.

Bitpanda claims this is the first step in launching a prime brokerage offering under Bitpanda Pro – the company’s trading platform for experienced traders and professionals – to work alongside the digital asset exchange.

The company has also said it will commit to a disruptive fee model aimed at reducing the cost of custody to zero for customers who actively trade on the exchange.

More: Link

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Keywords: digital wallet, crypto, digital assets, partnership
Categories: DeFi & Crypto & Web3
Companies: Bitpanda, Trustology
Countries: United Kingdom
This article is part of category

DeFi & Crypto & Web3




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