Deutsche Bank dabbles in crypto; partners with fintech unicorn Bitpanda

Vienna-based Bitpanda, a fintech unicorn, announced on Tuesday that it has partnered with Deutsche Bank.

“For the first time, a major international bank has partnered with a crypto company to deliver this integration,” says Eric Demuth, CEO of Bitpanda.

This partnership will provide real-time payment services, including local IBANs for German Bitpanda users.  

The partnership aims to advance the integration of crypto with the traditional financial sector for a more integrated financial landscape.

“Since last year, there has been a noticeable rise in interest from large financial institutions in the crypto world. Whether it’s on the B2B side via Bitpanda Technology Solutions or now with this partnership spanning the entire Bitpanda Group and Deutsche Bank,” adds Demuth.

The announcement comes after Bitpanda secured crypto licence offered by German regulator BaFin.

Through Bitpanda Custody, the Group is also able to provide custody services in the United Kingdom in addition to Bitpanda’s existing licences in the European Union.

“Together with Deutsche Bank, we are raising the industry standard and advancing the integration of crypto with the traditional financial sector. This partnership signifies the change that is happening and brings us closer to realizing our vision,” adds

Bitpanda: Simplifying wealth

Founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer as a crypto trading platform, Bitpanda‘s mission is to simplify wealth creation. 

The platform removes complicated financial barriers through digitised assets and blockchain technology. It lets users trade Bitcoin, Ethereum, gold, and over 100 other digital assets.

The Austrian platform offers low fees, 24/7 trading, and real-time settlements. As a result, everyone can start investing (from as little as €1) and take ownership of their financial future.

The company operates business based on various VASP registrations, as well as MiFID II, E-Money and PSD II licences amongst all its core markets.