We are excited to announce our expansion plans as part of the first institutional investment in Bitpanda, led by Speedinvest. The undisclosed funding round allows us to increase the number of available digital and tokenised assets to make it as easy as possible for everyone to own their future.
In March 2020, our trading volume surpassed €200M. Our growing business model allowed us to double the team to more than 180 employees over the last 12 months. With Speedinvest as a partner, we will be able to scale our offering to more regions. This expansion begins with France, Turkey and Spain, with more markets following soon. In 2020, we aim to increase the number of digital assets available to our users.
Expansion to France, Spain and Turkey
Our expansion to France will officially launch in late April, with Spain and Turkey to follow in June. We plan to expand our international presence in several additional countries later this year and a dedicated internal team are constantly evaluating which regions are best suited. The highest priority for us is that, for each market, our compliance standards are fully in accordance with the latest financial regulations, including the recently introduced AML5. We truly believe that this approach will continue to show promising results.
From European to global
Our goal for the next several years is to transform Bitpanda from a European company into a global one. This partnership is new ground for us at Bitpanda, since we have been operating profitably and independently for more than five years. We feel that now is the right time to grow internationally and bring our financial solutions and innovative products to new audiences. We are convinced that our long-term vision of providing access to the financial market and allowing anyone to become an investor can now be achieved with the support of Speedinvest with their experience and track record in helping companies scale.