The Viennese Fintech Bitpanda launches the Bitpanda Global Exchange, a global cryptocurrency exchange for experienced traders, professionals, and institutions. Through an Initial Exchange Offering (IEO), the Bitpanda platform additionally receives its own ecosystem token. BEST (Bitpanda Ecosystem Token) will offer almost 1 million Bitpanda users a number of advantages and incentives.
“Money evolves with society and technology. Those who do not shy away from the unknown win the future. We developed the Bitpanda Global Exchange to give you that competitive edge.” — Bitpanda
What is Bitpanda
Bitpanda is Europe‘s leading platform for digital assets. Around 1 million users can easily and securely buy, sell and hold Bitcoin as well as more than 25 crypto assets including digitized gold and silver. Based in Vienna, Austria, we employ over 100 talented people from over 30 countries. The new Bitpanda headquarters is located in the heart of Vienna and comprises around 3,000 square meters to have enough space to grow. In April 2019, Bitpanda received a PSD2 payment service provider license from the Austrian financial market authority (FMA) in accordance with European law.
The Bitpanda Global Exchange was developed 100% in-houseover the course of the last two years. It will not only provide a highly liquid marketplace for crypto assets. They also aim to bring all existing and future digital asset classes offered by Bitpanda to the Global Exchange. It is available globally for crypto-to-crypto and fiat-to-crypto trading. Verified Bitpanda users within the majority of European countries can also deposit Euro, Swiss Franc, and British Pound. The Bitpanda Global Exchange is closely connected to the Bitpanda platform, which means that users can move funds easily between them. Bitpanda Global Exchange launches with popular trading pairs such as BTC/EUR, BTC/USDT, ETH/EUR, XRP/EUR, MIOTA/EUR, ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, BEST/BTC, BEST/EUR, BEST/USDT and many more to come.
The Bitpanda Global Exchange will launch on August 7th, 2019. It will offer:
- Global crypto-to-crypto and fiat-to-crypto trading
- Popular trading pairs including BTC/EUR, BTC/USDT, ETH/EUR, XRP/EUR, MIOTA/EUR, ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, BEST/BTC, BEST/EUR, and BEST/USDT.
- Fiat deposits (Euro, Swiss Franc, and British Pound) in the majority of European countries; withdrawals available globally
- Competitive fee structure
- State-of-the-art API
- Highest security standards
July 9th, 2019. Start of the IEO
August 6th, 2019. End of the IEO
August 7th, 2019 Introduction of Bitpanda Global Exchange & Trading from BEST
Q4/2019 Paying fees with BEST within the Bitpanda ecosystem
Accompanying the launch of its new Exchange, Bitpanda created a new Token: The Bitpanda Ecosystem Token (BEST) is your key to getting the most out of Bitpanda. It will offer the growing community of around 1 million Bitpanda users a wide range of rewards and benefits for use on Bitpanda products and services.
What is BEST
BEST is the Bitpanda coin, that offers users a wide range of benefits and perks within the Bitpanda ecosystem. BEST is the fuel of the Bitpanda ecosystem, which means that the Bitpanda platform, the Bitpanda Global Exchange and future products like the Bitpanda Launchpad will make heavy use of incorporating BEST and offering users, who hold BEST, exclusive rewards and perks.
Why should I invest in BEST?
By investing in BEST, you will enjoy a reduction of up to 25% on Bitpanda trading fees, gain priority access to the Bitpanda Launchpad, which will be available later, and benefit from a wide range of benefits and rewards. The more BEST you have, the better your rewards get. BEST is your chance to be part of Bitpanda’s vision to become a global player while redefining the rules of investing.
BEST will offer you:
- Priority access to the upcoming Bitpanda Launchpad
- 25% trading fee discount when paying fees with BEST
- Wide range of additional rewards and perks
- Constant token burn to decrease the supply
- BEST trading will start on August 7th, 2019
BEST will play a vital role in Bitpanda’s global expansion and in making its vision of changing the rules of investing a reality. BEST is the fuel of the Bitpanda ecosystem, which means that the Bitpanda platform, the Bitpanda Global Exchange and future products like the Bitpanda Launchpad will make heavy use of incorporating BEST.
New challenger on global markets
With Bitpanda GE, Bitpanda is not a pioneer, but a challenger: Binance currently leads the ranking of the world’s largest crypto trading exchanges. Isn’t the international competition at Exchanges overwhelming?
Of course, there are already established Exchanges, says Paul Klanschek, Co-CEO of Bitpanda: “But with good technology and a clean reputation you can catch up quickly. “With the IEO, we’ll have a lot of traffic on the first day,” he says.
Therefore another global competitor is entering the cryptocurrency exchange stage, next to Binance, Coinbase and other. The question is whether it could establish or not and how users are starting to accept their token.
I hope you liked my article. Feel free to comment and let us discuss your opionion. You can also read and support this post on (Medium)[https://medium.com/@thecryptoconsultant/bitpanda-goes-global-cccafa718bef?utm_source=cryptoconsultant-blog]. There is also a possibility to subscribe to my newsletter to get weekly updates about hot posts.