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Bitpanda launches their World Trade after having raised €43.6 million in probably the most profitable European IEO thus far

  • Bitpanda
    raised €43.6 million by promoting out their IEO
  • BEST
    is probably the most profitable European IEO thus far
  • The
    Bitpanda World Trade is the primary worldwide product and was made for
    professionals and establishments
  • It
    goals to grow to be the most important Euro change with the bottom charges for
    fiat-to-crypto buying and selling within the trade
  •  Bitpanda will use the funds to drive the
    firm’s growth

Vienna, seventh of August 2019 Bitpanda,
the Viennese fintech with greater than 1 million customers, reached a major
milestone: the corporate offered out their first Preliminary Trade Providing (IEO) for
its personal ecosystem token BEST,
having efficiently raised €43.6 million. This makes BEST Europe’s most
profitable IEO thus far. Right this moment, the fintech scaleup launches the Bitpanda
World Trade
(Bitpanda GE), a digital asset
change for skilled merchants, professionals and establishments. Bitpanda’s
first worldwide product permits crypto-to-crypto buying and selling around the globe and
fiat-to-crypto buying and selling in additional than 54 international locations. It has been developed 100%
in-house over the previous two years. Bitpanda GE may even provide a number of the
lowest maker and taker charges within the trade.

“Our purpose is to ascertain the
Bitpanda World Trade as the most important Euro change with the bottom charges for
fiat-to-crypto buying and selling within the trade. Bitpanda has been round since 2014 and
holds a wonderful status. We will construct on a variety of synergies and
expertise,” says Bitpanda CEO Eric Demuth.

The Bitpanda Ecosystem Token
(BEST) is the Bitpanda coin that gives customers a variety of advantages and
perks inside the firm’s ecosystem. For instance, they’ll get a discount of
as much as 25% on Bitpanda buying and selling charges beginning in This autumn 2019 and can get precedence
entry to the upcoming Bitpanda Launchpad.

The corporate will use the €43.6
million raised with BEST to drive growth past Europe and cryptocurrencies.
Bitpanda continues to work onerous in direction of a fairer, extra clear and simply
accessible world of non-public finance.

About Bitpanda

Bitpanda is a fintech primarily based in
Vienna, Austria based in 2014 by Eric Demuth, Paul Klanschek and Christian
Trummer. The corporate is a agency believer within the modern energy of
cryptocurrencies, digitised belongings and blockchain know-how. Bitpanda’s mission
is to tear down the obstacles to investing and produce conventional monetary
merchandise to the 21st century. Right this moment, Bitpanda has greater than 1 million customers and
120 group members. With a PSD2 cost service supplier license,
state-of-the-art safety and streamlined person expertise, Bitpanda has grown
into a well-liked buying and selling platform for newbies and specialists alike. Customers can
at the moment commerce Bitcoin, Ethereum, gold and over 20 different digital belongings.

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