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Austrian Bitpanda Goes to London for Crypto High Rollers

  • Limits for customer bank transfers raised to 500,000 euros
  • Company sells bitcoin vouchers via state-owned Austrian Post
Cryptocurrency Mining As Bitcoin Slides Amid Stocks Rout
Photographer: Akos Stiller/Bloomberg
Updated on

An Austrian cryptocurrency platform raised its trading limits and is opening a London office, pushing to broaden the market for high-rollers even as monetary policy makers across Europe demand tighter regulation.

Bitpanda GmbH recorded 600 million euros ($736 million) of transactions through its venue last year, according a statement late Thursday. The four-year-old firm has been raising credit and transfer limits just as mainstream lenders move to restrict the flow of funds into cryptocurrencies through channels such as credit cards.