With around 1 million registered users, Bitpanda has been expanding their operations since their launch in 2014. The current Bitpanda platform offers broker like services for people to buy and sell (and store) cryptocurrencies, fiat currencies and precious metals. Expanding their operation to an exchange service is a significant step in the right direction as customers will be able to trade their holdings with other users for the first time.
Like many exchanges, the launch will see the exchange offering trades using their own token BEST, and the announcement includes details of the token sale which will be offered to registered Bitpanda users in advance of the exchange launch, with trading to commence on launch.
(In April 2019, Bitpanda received a PSD2 payment service provider license from the Austrian financial market authority (FMA) in accordance with European law)
Bitpanda launch Bitpanda Global Exchange and BEST
Building the largest Euro exchange is the next logical step for us. We have been around since 2014 and are a key player in Europe. We can build upon a lot of synergies, and we want to offer experienced users a way to trade digital assets in the most secure and convenient way possible. Bitpanda Global Exchange expands our offering beyond the popular, easy-to-use Bitpanda platform, which is the go-to-place to buy, sell and store digital assets like Bitcoin, Ethereum, digitised gold and more in Europe.
The Bitpanda Global Exchange was developed 100% in-house over the course of the last two years. It will not only provide a highly liquid marketplace for crypto assets. We 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
In addition to the Bitpanda Global Exchange we are also very happy to announce the Bitpanda Ecosystem Token (BEST). It’s the key to get 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. Bitpanda users holding BEST will enjoy up to 25% trading fee reduction across the Bitpanda ecosystem, gain access to the Bitpanda Launchpad, and get exclusive access to upcoming features, products and rewards.
The Initial Exchange Offer (IEO) for the Bitpanda Ecosystem Token (BEST) will start on July 9th 2019. BEST trading on Bitpanda and the Bitpanda Global Exchange will start on August 7th 2019.
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 our 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.
Learn more about BEST