Austrian-based crypto exchange and trading platform Bitpanda is teaming with Coinbase (COIN) to connect the U.S.-listed exchange giant with banks in Europe who are looking to offer digital assets to their customers.
The just-announced partnership allows Coinbase to use Bitpanda Technology Solutions – a business-to-business infrastructure layer provider – to connect directly into banks and fintechs.
Despite the bearish crypto winter and the damage done to the reputation of the asset class from last year’s blowups and failures, banks want to be able to offer crypto to customers, according to BitPanda COO Lukas Enzersdorfer-Konrad. This is especially true in Europe now that the Markets in Crypto-Assets (MiCA) regulatory framework has been adopted, he added.
“Coinbase has a liquidity venue with their exchange and they have the custody setup,” Enzersdorfer-Konrad
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