Vienna-based fintech Bitpanda raises €43.6M, launches Global Exchange

Vienna-based fintech Bitpanda raises €43.6M, launches Global Exchange

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Bitpanda, a Bitcoin cryptocurrency exchange has unveiled Bitpanda Global Exchange, an expanded global service. This comes after raising €43.6 million in Initial Exchange Offering (IEO) for BEST, its native token. The fundraising makes BEST Europe’s most successful IEO to date.

Founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda works with the mission to knock down the barriers to personal finance and bring traditional financial products. It has over 1 million users and a team of 120 for now.

Launches Bitpanda Global Exchange

The Viennese fintech startup Bitpanda launched Bitpanda Global Exchange (Bitpanda GE). It is a digital asset exchange for experienced traders, institutions, and professionals. It is the first global product of Bitpanda, which lets crypto-to-crypto trading around the world and fiat-to-crypto trading in over 54 countries. Developed completely in-house for the past two years, Bitpanda GE offers the lowest taker and maker fees.

BEST offers numerous benefits!

Bitpanda Ecosystem Token (BEST) is Bitpanda’s native coin offering users numerous benefits within its ecosystem Users will get up to 25% discount on Bitpanda trading fees from Q4 2019. It will provide users with priority access to the upcoming Bitpanda Launchpad.

Eyes global expansion

The fintech company will use the raised €43.6 million funding to drive expansion beyond Europe and cryptocurrencies. It will continue to work towards a fairer, easily accessible, and more transparent world of personal finance.

Supports trading over 20 digital assets

Holding a PSD2 payment service provider license, streamed user experience and state-of-the-art security, Bitpanda is a popular trading platform for both newbies and experts. It lets users trade over 20 digital assets including Bitcoin, Ethereum, gold, etc.

Bitpanda CEO Eric Demuth said, “Our goal is to establish the Bitpanda Global Exchange as the largest Euro exchange with the lowest fees for fiat-to-crypto trading in the industry. Bitpanda has been around since 2014 and holds an excellent reputation. We can build on a lot of synergies and experience.”

Stay tuned to Silicon Canals for more updates in the tech startup world.

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