EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Bitpanda Asset Management GmbH licensed under MiCA in the European Union?
Bitpanda Asset Management GmbH's European entity (Bitpanda Asset Management GmbH) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Germany on 24 January 2025.
Verdict: Bitpanda Asset Management GmbH appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Bitpanda Asset Management GmbH |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 9845005X9B7N610K0093 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Bitpanda Asset Management GmbH
Bitpanda Asset Management GmbH is the German legal entity within the Bitpanda Group, the Austrian fintech founded in 2014 and headquartered in Vienna. According to the research summary, this entity has its corporate seat in Frankfurt am Main and acts as a regulated crypto custody provider for professional and institutional clients, rather than as the consumer-facing app, a bank, or a broker. It should not be confused with the retail Bitpanda product (650+ crypto assets, stocks, ETFs and precious metals for over 7 million customers, per Bitpanda's own homepage) - that consumer service is operated under a separate Bitpanda entity. Sources: Bitpanda legal notice, Bitpanda (Wikipedia)
On the core question - is it licensed under MiCA in the EU - the answer is yes for the activities it is registered for. Bitpanda Asset Management GmbH is supervised by Germany's Federal Financial Supervisory Authority (BaFin) and appears on the EU register of crypto-asset service providers (CASPs) under the Markets in Crypto-Assets Regulation. Estonia's Finantsinspektsioon lists it among cross-border CASPs notified to passport services into other EU member states. Sources: Finantsinspektsioon CASP register, Bitpanda legal notice
The MiCA authorisation covers a defined set of services: custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, and transfer services for crypto-assets. It does not extend to services outside that list. The research indicates this entity focuses on spot custody (including cold storage) for institutional clients and does not itself provide retail savings plans, staking, payment-card products, or direct EUR/SEPA retail trading, which are associated with the separate consumer-facing Bitpanda entity. Prospective clients should confirm the current scope directly against the official BaFin and ESMA registers. Sources: Bitpanda custody explainer, Finantsinspektsioon CASP register
Which crypto services is Bitpanda Asset Management GmbH authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Bitpanda Asset Management GmbH (Bitpanda Asset Management GmbH) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Exchange of crypto-assets for funds
The exchange offers crypto-to-fiat (e.g. BTC to EUR) and fiat-to-crypto conversion. Authorisation here implies MiCA's pricing transparency requirements.
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Exchange of crypto-assets for other crypto-assets
The exchange offers crypto-to-crypto trading (e.g. BTC to ETH). Required for most spot trading pairs not denominated in fiat.
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Providing transfer services for crypto-assets on behalf of clients
The exchange can move crypto between addresses on your behalf, including off-platform withdrawals. The Travel Rule applies to these transfers.
Which services is Bitpanda Asset Management GmbH not authorised to offer?
Bitpanda Asset Management GmbH's MiCA licence does not cover: Trading platform, Order execution, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Bitpanda Asset Management GmbH under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is Bitpanda Asset Management GmbH licensed in Germany?
Germany's BaFin runs a strict, banking-style authorisation model. Trade Republic, which already held a German banking licence, was authorised in April 2025. BaFin previously refused Binance's German licence application in 2023, leading Binance to withdraw from the German market. Source: Federal Financial Supervisory Authority (BaFin).
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
|---|---|
| Investor compensation | EdW (compensation scheme for securities firms) plus bank-deposit cover where applicable. |
| Regulatory context | BaFin's banking-style scrutiny is the highest barrier among MiCA NCAs. |
What does this mean for users of Bitpanda Asset Management GmbH in the EU?
If you transact through Bitpanda Asset Management GmbH's EEA-authorised entity (Bitpanda Asset Management GmbH), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Bitpanda Asset Management GmbH's terms of service that your contracting entity is Bitpanda Asset Management GmbH, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Bitpanda Asset Management GmbH?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Bitpanda Asset Management GmbH's entry on the register:
Frequently asked questions about Bitpanda Asset Management GmbH and MiCA
Is Bitpanda Asset Management GmbH licensed under MiCA?
Yes. Bitpanda Asset Management GmbH appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Germany.
Which EU countries can Bitpanda Asset Management GmbH serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Bitpanda Asset Management GmbH protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Bitpanda Asset Management GmbH's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Bitpanda Asset Management GmbH's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Federal Financial Supervisory Authority (BaFin)
- ESMA MiCA Register - Bitpanda Asset Management GmbH (Bitpanda Asset Management GmbH)
- Bitpanda Asset Management GmbH official website
- Bitpanda legal notice (legal entity and MiCAR authorisation)
- Finantsinspektsioon - cross-border CASP register entry for Bitpanda Asset Management GmbH
- Bitpanda blog - secure, regulated custody in Germany
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