White & Case advises Austrian fintech Bitpanda on launch of Bitpanda Bitcoin ETC

Press Release
1 min read

Global law firm White & Case LLP has advised Austrian fintech Bitpanda on the expansion of its product portfolio to include Bitpanda Bitcoin ETC.

It represents the company's entry into the innovative field of exchange-traded cryptocurrencies. Bitpanda Bitcoin ETC is traded in euros and connects the crypto market with the traditional stock market, allowing trading with a secure and liquid product on regulated markets. The new product will initially be listed on the German stock exchange XETRA and is planned to list on other exchanges in the coming year.

Bitpanda Bitcoin ETC is physically backed by Bitcoin, which is securely held at a regulated custodian bank.

White & Case advised the company on the structuring and implementation process, as well as on the approval and notification by the German Federal Financial Supervisory Authority. The White & Case team also advised on regulatory, commercial, corporate and tax aspects.

Bitpanda was founded in 2014 as a crypto trading company and today serves more than three million users in Europe. Bitpanda Group employs more than 600 people in offices in eight European cities: Vienna, Barcelona, Berlin, Krakow, London, Madrid, Milan and Paris.

The White & Case team which advised on the launch included partners Karsten Wöckener, Cristina Freudenberger, Sebastian Pitz and Bodo Bender (all Frankfurt), local partners Julia Sitter, Heinrich Nemeczek, Peter Becker and Anna Dold (all Frankfurt), counsel Alexander Born (Frankfurt) and associates Daniel Sander and Claire-Marie Mallad, Daniel Gillenkirch, Patrick Schoelles (all Frankfurt), Max Axelsson and Daniel Agnemyr (both Stockholm).

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