Bitpanda Launches their Global Exchange After Having Raised EUR43.6 Million in the Most Successful European IEO to Date

Stocks and Financial Services Press Releases Wednesday August 7, 2019 17:43
VIENNA--7 Aug--PRNewswire/InfoQuest
  • Bitpanda raised EUR43.6 million by selling out their IEO
  • BEST is the most successful European IEO to date
  • The Bitpanda Global Exchange is the first worldwide product and was made for professionals and institutions
  • It aims to become the largest Euro exchange with the lowest fees for fiat-to-crypto trading in the industry
  • Bitpanda will use the funds to drive the company's expansion

Bitpanda, the Viennese fintech with more than 1 million users, reached a significant milestone: the company sold out their first Initial Exchange Offering (IEO) for its own ecosystem token BEST, having successfully raised EUR43.6 million. This makes BEST Europe's most successful IEO to date. Today, the fintech scaleup launches the Bitpanda Global Exchange (Bitpanda GE), a digital asset exchange for experienced traders, professionals and institutions. Bitpanda's first worldwide product allows crypto-to-crypto trading around the world and fiat-to-crypto trading in more than 54 countries. It has been developed 100% in-house over the past two years. Bitpanda GE will also offer some of the lowest maker and taker fees in the industry.

"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," says Bitpanda CEO Eric Demuth.

The Bitpanda Ecosystem Token (BEST) is the Bitpanda coin that offers users a wide range of benefits and perks within the company's ecosystem. For example, they will get a reduction of up to 25% on Bitpanda trading fees starting in Q4 2019 and will get priority access to the upcoming Bitpanda Launchpad.

The company will use the EUR43.6 million raised with BEST to drive expansion beyond Europe and cryptocurrencies. Bitpanda continues to work hard towards a fairer, more transparent and easily accessible world of personal finance.

About Bitpanda

Bitpanda is a fintech based in Vienna, Austria founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. The company is a firm believer in the innovative power of cryptocurrencies, digitised assets and blockchain technology. Bitpanda's mission is to tear down the barriers to investing and bring traditional financial products to the 21st century. Today, Bitpanda has more than 1 million users and 120 team members. With a PSD2 payment service provider license, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. Users can currently trade Bitcoin, Ethereum, gold and over 20 other digital assets.

Logo: https://mma.prnewswire.com/media/897658/Bitpanda_Logo.jpg
Photo: https://mma.prnewswire.com/media/957323/Bitpanda_Global_Exchange.jpg

Latest Press Release

Gavin Bambury named OANDA(R) CEO

A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation is pleased to announce the appointment of industry leader Gavin Bambury as Chief Executive Officer, effective Monday 26 August 2019. Based in...

Thailand Focus 2019 showcases new governments policies to reinforce confidence

The Stock Exchange of Thailand (SET) will hold the annual flagship inbound roadshow "Thailand Focus 2019: Embracing Opportunities - The Next Chapter", during August 28 – 30, 2019 in Bangkok, marking the first conference for the new government to...

SCB joins with Intelspire to help SMEs increase people management efficiency with Timemint, an advanced digital platform powered by SCB Payroll

Siam Commercial Bank (SCB) continues to expand its digital partnerships to help increase efficiency. Recently, the bank joined hands with Intelspire Co., Ltd., a Thai startup and developer of the Timemint Application, a digital platform used for people...

TMB Appoints New Chief Retail Banking Officer (CRBO)

TMB has appointed Mrs. Marie Ramlie as Chief Retail Banking Officer, effective from August 1, 2019. Marie succeeds Roel Huisman who has completed his tenure with TMB on July 31, 2019. Marie has joined TMB as Head of Retail Products since 2013. She was...

Bankruptcy Court dismisses rehab petition against GL, removes automatic stay, and finds GL is not insolvent

The Central Bankruptcy Court has dismissed the rehabilitation petition submitted by JTA against GL as the Court ruled that GL is not insolvent and that JTA's claims have not proven to be true Previously, on August 15, the Central Bankruptcy Court for the...

Related Topics