IG Europe partners with Bitpanda for pan-European cryptocurrency expansion
Following its UK spot crypto launch last year, IG Group is extending cryptocurrency trading services to European markets by leveraging Bitpanda's technical infrastructure.
Through a new collaboration with Bitpanda, IG Europe is bringing cryptocurrency offerings to European investors by utilizing the Austrian-based exchange's technical framework for market data provision, trading connectivity and liquidity management.
The European expansion of spot crypto trading by IG follows its 2025 launch of similar services for United Kingdom customers. No specific timeline has been announced for when the expanded services will become available.
"This partnership broadens our product offering across Europe, giving experienced investors access to a wider range of asset classes with the quality and security they demand," said Esteve Jane, managing director of IG Europe, which is regulated by BaFin in Germany.
Headquartered in London and listed on the FTSE 100 index, IG Group operates a trading platform serving 1.3 million clients worldwide.
By collaborating with Bitpanda, IG can deliver cryptocurrency services to customers throughout the bloc without developing its own proprietary infrastructure. This strategic move arrives as MiCA has elevated compliance standards for cryptocurrency service provision, with comprehensive requirements covering capital reserves, governance structures, risk management protocols and custody arrangements, making such partnerships a more expedient path to market entry.
IG Group sees minimal crypto revenue
In the first quarter of the year, IG Group posted revenue of 331.2 million British pounds ($444.5 million), with its spot cryptocurrency operations generating only $3.2 million, representing under 1% of total revenue.
Notwithstanding the modest revenue contribution, IG Group continues to advance its cryptocurrency initiatives. Through its acquisition of Independent Reserve, an Australian cryptocurrency exchange, the firm enabled spot crypto trading for IG's Australian client base in March. Additionally, the company secured its Markets in Crypto-Assets Regulation (MiCA) license in Germany in 2025.
Separately, IG divested the Small Exchange futures platform to Kraken in October, a transaction that formed part of a broader collaborative arrangement with the international cryptocurrency exchange.
Bitpanda expands offerings
According to Cointelegraph's previous reporting, Bitpanda is currently developing Vision Chain, an Ethereum layer-2 solution engineered to enable European banking institutions and fintech companies to issue and trade tokenized equities, bonds and investment funds while maintaining compliance with MiCA and MiFID II regulations.
Beyond cryptocurrency, the company has been diversifying its product portfolio. Recent additions include support for thousands of individual equities and exchange-traded funds as the platform transitions toward becoming a comprehensive financial services provider, complemented by its UK market entry earlier this year. The Vienna-headquartered exchange is considering a potential public listing sometime this year.