Milan, 31 May 2021 – Bitpanda, a leading Austrian platform for the trading of cryptocurrencies, precious metals and fractional shares, appointed Lexia Avvocati for legal help with relation to the launch of its business in Italy. The fintech recently had a Series B investment round which landed the company a unicorn status, at a $1.2B valuation. The platform has more than 2 million users in Europe, and big plans for Italy, aiming to reach a three figure number for new Italian customers in its first year.
Bitpanda was assisted by Francesco Dagnino, Managing Partner of Lexia Milano, Angelo Messore, Head of the firm’s Financial Services practice, and the associates Filippo Belfatto and Carlo Giuliano. The Firm assisted Bitpanda in the launch of their new product Bitpanda Stocks that allows users to invest into over 50 derivative stocks and ETF assets, through Bitpanda Financial Services GmbH, a firm licensed in Austria under the MiFID 2, as well as in the offer of crypto assets and in the opening of the Italian representative office.
Bitpanda enters Italy with Lexia Avvocati
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Orlando Merone, Country Manager of Bitpanda in Italy underlines “Regulation is vitally important for the maturity of a new asset classes. This is also a top priority for us at Bitpanda, as we value what regulation can do to prevent and rid the market of the bad players. What regulation can do is bring forth a much needed certainty to the market. Bitpanda welcomes collaboration with regulators and we aim to position ourselves in a way that enforces security as well as personal responsibility. This is why we are especially happy to have Lexia as our legal partner in Italy.”
Francesco Dagnino commented:”We are happy to have contributed to the launch in Italy of this powerful instrument of financial revolution”.
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