Bitpanda receives a VASP license in Norway

Bitpanda has announced a significant advancement in the market of Norway. The venture has said that it is now officially the first non-local firm to receive a VASP license in the region, allowing it to strengthen its position in Europe. Bitpanda will now be able to introduce a safe and secure trading experience for digital assets to millions of customers.

The community has responded positively to this development. Most of them have called it great news, while others have said that they are ready to trade with the platform. However, one member pointed out that their request to process the transaction from a Norwegian bank to the platform was declined. Bitpanda has not yet addressed this issue, with a slight possibility that this could be a spam comment to the post.

Receiving a VASP license in Norway reflects the commitment of Bitpanda to operate in a region as a regulated broker. Moreover, it showcases the commitment of the venture to offer only a secure and safe trading experience to its customers.

Bitpanda recently highlighted that Netflix shares jumped by 10% to report strong earnings. EPS has been reported to be $3.73, surpassing the estimate of $3.46. Netflix’s revenue reached $8.54 billion to match the expectations of analysts. This comes in the wake of the rise in the number of paid subscriptions. The figure for the segment is 8.8 million, exceeding the previously stated estimate of 6.1 million.

Bitpanda has done the same with Tesla, informing the community that its shares slipped by 5% with an EPS of $0.66. This means that it has missed the estimate of $0.73. The net income of Tesla now stands at $1.9 billion, which is lower than $3.3 billion. The latter was reported the previous year. Simply put, revenue has come down nearly to one-third.

Another significant development that Bitpanda exchange shared concerns WeSendit, with the aggregator adopting $WSI and the token becoming the newest member of the spotlight for Bitpanda. WeSendit deals with Web3 file transfer and storage services as an aggregator. Bitpanda is offering a $WSI giveaway, provided users have subscribed to BEST VIPs.

There could soon be an upgrade for the community. Bitpanda has announced that it is bringing the convenience of crypto transfer by empowering users to make selections from a number of multiple networks. This has been termed Multi-Network Support, with no definite timeline for the launch. Nevertheless, users will have more flexibility in terms of transferring select crypto tokens.

Circling back to Bitpanda, entering the Norway region. It is now the first non-local firm to receive a VASP license. Users registering on the platform can be assured that their experience will be safe and secure. It is now a regulated broker aiming to go big in the entire European market.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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