Our Goal is to be the first Bitcoin Company in Europe to obtain the MiCAR License

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After entering a strategic partnership with Volksbank Raiffeisenbank Bayern Mitte eG in a historic €2.1 million funding round last year, our next major goal is to be the first bitcoin company to obtain the European MiCAR license.

The MiCAR regulation harmonizes, among other things, the applicable regulations for service providers in the cryptocurrency sector throughout the EU.

This means that 21bitcoin will be able to provide the more than 400 million people in the European Union with even easier and more secure access to bitcoin.

21bitcoin has been registered as a service provider with the Austrian Financial Market Authority (FMA) for several years and therefore already meets many of the requirements of the upcoming MiCAR regulation. In addition, Austria has a strict but crypto-competent regulatory authority. This gives 21bitcoin the best chance to be the first bitcoin company in Europe to receive the MiCAR license as early as the beginning of 2025.
- Daniel Winklhammer, CEO and founder of 21bitcoin

Despite a prolonged bear market, we have managed to grow continuously in 2023, exceeding our internal goals. The trading volume has increased ninefold compared to the previous year, the number of users has quadrupled to over 10,000, and the team has doubled. This shows that more and more people recognize the long-term value of bitcoin and are interested in gaining secure access to it.

The 21bitcoin team outside in front of a yellow house wall
The growing 21bitcoin team.

21bitcoin presents itself with a new look and feel

We continue the growth of the past year in 2024. The first step is a fresh look with a new logo, a dedicated blog and a brand-new website that provides a transparent overview of 21bitcoin's services, fees and benefits.

First and foremost is the unique Auto Wallet Transfer feature that sets 21bitcoin apart from all other services and is one of the most popular features on the platform: You decide the amount of bitcoin to be automatically transferred to your own external wallet. As long as the bitcoin is stored with 21bitcoin, it is secured in a custodial wallet that relies 100% on cold storage technology of the BaFin regulated technical custody partner BitGo Custody. This combination of a simple and secure custodial wallet with automated transfers to a dedicated noncustodial wallet makes bitcoin accessible to everyone, lowers the fees associated with the bitcoin network, and gives users full control over their digital assets.

All user assets are held in trust by 21bitcoin, so even in the event of insolvency, you will not be harmed.