Vienna-based crypto exchange Bitpanda has acquired UK-based digital asset custody company Trustology.
bitpanda, Decentralized Finance (DeFi) specialized in the From the UK Financial Conduct Authority (FCA) full record winner trustologytogether with the purchase ofBitpanda Custodywill be renamed to ”. bitpandawhile sources close to the deal did not disclose the financial details of the purchase. 8 digits said that.
in March last year $170 million Series B financing round After completing Austria’s first tech Unicorn (young technology company worth over $1 billion) bitpandawith this agreement your first purchase has accomplished.
According to the press release Bitpanda Custodythe stock market individual and Corporate as well as the assets of its investors. in purchased businesses It will also oversee the assets.
Bitpanda CEO Joshua Barraclough in his statement;
Bitpanda Custody is part of our strategy to provide a full range of services to our client base. We can now combine an FCA-registered, enterprise-grade custody solution with a leading commerce practice.
said.
Bitpanda recently announced plans to increase the number of digital assets it offers to its nearly 3 million active users.