Cryptocurrency brokerage firm Bitpanda has raised $52 million in a Series A funding round, according to an announcement made on September 29.

• Venture capitalist Peter Thiel’s Valar Ventures led the investment round; additional investors include Austrian firm Speedinvest
• Valar Ventures’ founding partner Andrew McCormack will join BitPanda’s board of directors
• Bitpanda claims that it has over 1.3 million customers , and will use the funds for hirings and product development in Q4 2020
• Planned changes include further expansion in the European market and access to stock markets on Bitpanda’s platform
• The Series A round brings the total investment in BitPanda to $100 million

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