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Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers
Coinbase will use Bitpanda Technology Solutions, a business-to-business infrastructure layer provider, to connect directly into banks and fintechs.
Updated May 25, 2023, 9:20 a.m. Published May 24, 2023, 11:01 p.m.
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Austrian-based crypto exchange and trading platform Bitpanda is teaming with Coinbase (COIN) to connect the U.S.-listed exchange giant with banks in Europe who are looking to offer digital assets to their customers.
The just-announced partnership allows Coinbase to use Bitpanda Technology Solutions – a business-to-business infrastructure layer provider – to connect directly into banks and fintechs.
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Despite the bearish crypto winter and the damage done to the reputation of the asset class from last year’s blowups and failures, banks want to be able to offer crypto to customers, according to BitPanda COO Lukas Enzersdorfer-Konrad. This is especially true in Europe now that the Markets in Crypto-Assets (MiCA) regulatory framework has been adopted, he added.
“Coinbase has a liquidity venue with their exchange and they have the custody setup,” Enzersdorfer-Konrad said in an interview with CoinDesk. “But they don’t have the whole infrastructure middle layer that a partner can integrate and offer crypto traded and bought on Coinbase exchange and stored on Coinbase Custody to their end customers.”
Bitpanda’s crypto connectivity is already in place with a number of banks, neo-banks and fintech platforms such as Austrian traditional lender Raiffeisenlandesbank, European mobile bank N26, French money app Lydia, U.K. fintech Plum and the Italian mobile bank Hype.
“Banks can see the data on their payment transactions and how much of their customers’ funds have been flowing out to crypto companies,” Enzersdorfer-Konrad said. “They understand how much business they are missing out on, and also how much more of their customer base would do that business, if they had enough trust in the process.”
"[Coinbase is] delighted to partner with Bitpanda to jointly service institutions looking to bring the market and their customers compliant, robust crypto services," said Guillaume Chatain, Coinbase’s head of Institutional Sales for EMEA & APAC regions, in a statement.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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