Bitpanda Bitcoin ETC to trade on Xetra stock exchange

Austrian fintech Bitpanda is expanding its product portfolio to include exchange-traded cryptocurrencies.

Posted Tuesday, January 18th 2022
Bitpanda Bitcoin ETC to trade on Xetra stock exchange

Bitpanda Bitcoin ETC, the first product launched, is physically backed by Bitcoin, and will initially be traded on the German stock-exchange platform Xetra but is expected to be listed on other EEA exchanges in the course of the year.

Under its German-law-governed exchange traded notes issuance programme, approved by German BaFin, Bitpanda Issuance GmbH, an issuance SPV of Bitpanda GmbH, will be able to issue a variety of notes backed by a single crypto asset or by a basket of crypto assets.  

Bitpanda was founded in 2014 as a crypto trading company and is a leading European neobroker. Having become a unicorn, it is on a mission to democratise the complex world of investing and serves more than three million users, making it one of the fastest growing fintechs in Europe. The group employs over 600 team members in offices in Vienna, Barcelona, Berlin, Krakow, London, Madrid, Milan and Paris.

Schoenherr advised Bitpanda alongside White & Case Frankfurt on all aspects of the structuring and implementation of this transaction, including drafting, approval, notification and filing of the base prospectus.