• Deutsche Bank will provide real-time payment solutions for Bitpanda customers for both incoming and outgoing transactions
  • Bitpanda will be able to provide local IBANs for users in Germany

Fintech unicorn Bitpanda is expanding its partnership with Deutsche Bank to provide real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will provide Bitpanda with access to German IBANs, streamlining and enhancing the experience for users and ensuring confidence, speed and efficiency. This is just the latest step taken as part of Bitpanda's efforts to provide a tailored local solution and supporting the continued strengthening of Bitpanda's position as the leading digital-asset trading platform in Europe. Deutsche Bank already supports the operational needs of Bitpanda as its European Hausbank for cross-currency solutions in Austria and Spain.

Bitpanda is a regulated multi-asset broker platform offering more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors. Deutsche Bank represents another major institutional partnership for Bitpanda, who are currently undergoing a period of significant growth. Cooperation with traditional financial services providers is a strategic goal throughout 2024 for the unicorn, which believes that such integration will shape the future of the financial services industry.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, commented: "Bringing the best parts of the industry together is where we can create real value for people. Deutsche Bank's commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank's products, unlocking benefits for our team and our users."

Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank, added: "We are always looking to partner with companies who share our commitment to user safety and security. With Bitpanda, a recognised and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing. With our strategy to be the bank of choice for the high-potential platforms, the partnership with Bitpanda represents a key milestone as we shape this emerging ecosystem through active engagement with leading industry players."

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

About Bitpanda

Bitpanda was founded in Vienna in 2014 and is one of Europe's leading crypto brokers. With a selection of over 2,800 digital assets, including more than 350 crypto assets and numerous stocks, ETFs, precious metals and commodities, the Austrian fintech unicorn offers one of the most comprehensive ranges of digital assets available in Europe. Already trusted by over 4 million users, and dozens of institutional partners, Bitpanda holds licenses in several countries, and has a proven track record of working with local regulators to keep assets safe and secure. This makes Bitpanda one of the safest and most strictly regulated trading platforms in the industry. In addition to its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin and Bucharest.

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Deutsche Bank AG published this content on 04 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2024 06:36:09 UTC.