Bitpanda said Trustology acquisition would be the first step towards launching its prime brokerage service Bitpanda pro.
BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount.BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a bid to start its native crypto custody services focused on institutional investors. The firm plans to begin its newly announced crypto custody services by taking custody of all its assets across its retail and institutional businesses. The firm claimed it would become the largest crypto custodian by doing so.The crypto platform’s first-ever acquisition comes after a series of fundraising throughout 2021. The crypto exchange platform raised a total of $450 million in multiple funding rounds, giving it a valuation of $4.1 billio
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