legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## Bitpanda Launches Bitpanda Wealth to Meet Growing Demand for Institutional Crypto Services in Europe

Austrian fintech unicorn Bitpanda is launching an institutional-grade cryptocurrency trading platform in response to the increasing demand for institutional crypto services in Europe. The new service, known as Bitpanda Wealth, is specifically targeting high-net-worth individuals, family offices, external asset managers, and corporate treasuries. The platform offers a suite of services to facilitate crypto investment, management, and reporting, including leverage products, exchange-traded funds, commodities, and other assets.

Bitpanda has identified a significant need for tailored solutions in this space, with co-founder and CEO Eric Demuth stating that there is a clear interest in the sector, which currently lacks adequate offerings. Bitpanda Wealth aims to address this gap by providing a distinct service that caters to the unique requirements of institutional investors in Europe.

In addition to launching Bitpanda Wealth, Bitpanda has also developed an institutional platform that leverages its proprietary custody solution, Bitpanda Custody. This solution utilizes cold storage to keep clients’ assets secure and offers segregated wallets for institutional investors, service providers, token issuers, and corporate treasuries. Bitpanda Custody is registered with the United Kingdom’s Financial Conduct Authority and ensures that all funds are held in cold storage, offering a higher level of security compared to traditional hot wallets used by many cryptocurrency exchanges.

The launch of Bitpanda Wealth and the enhancements made to Bitpanda Custody underscore Bitpanda’s commitment to serving the growing demand for institutional crypto services in Europe. Furthermore, the company’s proactive engagement with regulators in various European jurisdictions, including securing necessary licenses and collaborating with local financial institutions, demonstrates its dedication to establishing a robust presence in the institutional crypto market.

In this context, the AI legalese decoder can be an invaluable tool for institutional investors and financial professionals navigating the complex legal and regulatory landscape of the cryptocurrency industry. The Decoder can provide real-time analysis of legal documents, contracts, and regulatory requirements, enabling institutions to make informed decisions and ensure compliance with evolving regulations. Its ability to interpret and translate legal jargon and complex financial regulations can streamline the due diligence process and enhance risk management for institutional clients operating in the cryptocurrency space. Moreover, the Decoder’s capacity to identify potential legal risks and offer practical insights can support institutions in mitigating legal challenges and maximizing the value of their crypto investments. By leveraging the AI legalese decoder, institutional investors can gain a competitive edge in the rapidly evolving and increasingly regulated cryptocurrency market.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link