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KPMG report: crypto funds held in Bitpanda cold storage exceed customer holdings

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By Bitpanda

KPMG-report-crypto-funds-held-in-Bitpanda-crypto-storage-exceed-customer-holdings

We’re delighted to inform you that KPMG, the world-renowned accounting organisation, has successfully completed agreed-upon procedures for Bitpanda and signed off that cryptocurrency funds in Bitpanda cold storage exceed all accumulated customer holdings for the top 5 crypto assets.

November 2022 KPMG report 

The past few weeks have been a reminder to us all that where you buy and sell your digital assets matters. At Bitpanda, we place paramount importance on protecting our customers and recognise the inherent value of regulatory compliance. For nearly a decade we have, above all else, made one simple promise to our customers: you can trust us to keep your assets safe. 

To ensure that we stay true to this commitment, we commissioned KPMG to perform an agreed-upon procedure for the top 5 crypto assets by assets under management – BTC (Bitcoin), ETH (Ethereum), ADA (Cardano) XRP (Ripple) and DOGE (Doge). This additional assessment was conducted to supplement our regular annual report with KPMG. 

On November 18, 2022, KPMG signed off that crypto funds for BTC, ETH, ADA, XRP, and DOGE held in Bitpanda cold storage exceed all accumulated customer holdings. The results of the KPMG report can be requested by Bitpanda customers on our website.

Bitpanda is safe, secure and regulated 

We recognise the current uncertainty in the crypto world but rest assured Bitpanda remains one of the safest and most regulated platforms in Europe. The Bitpanda Group diligently follows European laws and regulations. We operate our businesses based on various VASP registrations, as well as MiFID II, E-Money and PSD II licences amongst all our core markets.

Bitpanda Payments GmbH possesses a payment service provider licence under PSD2, recently becoming an E-Money Institute and Bitpanda Financial Services GmbH holds a MiFID II investment firm licence with strict customer verification processes that are fully compliant with AML5. We also operate in accordance with the EU’s General Data Protection Regulation (GDPR) with strict security measures that meet high international safety standards. 

Bottom line:  Your funds are 100% secure and are available 24/7. 


Disclaimer 

  1. Agreed-upon procedures performed by KPMG were performed according to KFS PG14. Agreed-upon procedures do not constitute an audit.
  2. Agreed-upon procedures were performed on a defined date and therefore the described results of KPMG are only valid for this date.
  3. Cybercrime or other errors due to fraud which could happen in any organisation were not part of the agreed-upon procedure by KPMG.
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