Bitpanda to Launch a Global Platform for High-Volume Traders

Austrian crypto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Bitpanda on Wednesday announced that it is going to launch a global digital asset exchange called Bitpanda Global Exchange.

The new platform will be targeted to experienced traders, professionals, and institutions, and will allow both crypto-to-crypto and fiat-to-crypto trading. Clients can deposit funds in three fiat currencies - euro, Swiss franc, and British pound.

Commenting on the development, Eric Demuth, chief executive of the crypto exchange, said: “Offering experienced users a way to trade digital assets and building the largest Euro exchange is the next logical step for us. Bitpanda has been around since 2014 and we are a key player in Europe. We can build on a lot of synergies and experience.”

Getting on the IEO bandwagon

Apart from the global exchange, Bitpanda is also launching its native digital currency called Bitpanda Ecosystem Token (BEST) via an Initial Exchange Offering (IEO) Initial Exchange Offering (IEO) An Initial Exchange Offering, or IEO, is a method of fundraising in which a cryptocurrency company issues and sells tokens through a cryptocurrency exchange. Unlike Initial Coin Offerings (ICOs), an IEO is instead administered by a crypto exchange on behalf of the startup that is looking to raise funds with its newly issued tokens.As such, an investor must make an account on the exchange that is holding the token sale and send cryptocurrency into that account. Therefore, the Know-Your-Customer ( An Initial Exchange Offering, or IEO, is a method of fundraising in which a cryptocurrency company issues and sells tokens through a cryptocurrency exchange. Unlike Initial Coin Offerings (ICOs), an IEO is instead administered by a crypto exchange on behalf of the startup that is looking to raise funds with its newly issued tokens.As such, an investor must make an account on the exchange that is holding the token sale and send cryptocurrency into that account. Therefore, the Know-Your-Customer ( Read this Term). In addition, the exchange will launch an IEO platform - Bitpanda Launchpad - to get a piece of the lucrative token sale market.

The announcement also detailed that the global exchange will facilitate 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.

Becoming a European mammoth

In April, Bitpanda received a license from the Austrian market regulator to operate as a payment service provider in both the European Economic Area (EEA) and the European Union.

Last month, the European exchange also stated bullion trading by introduced trading services for digitized gold and silver along with other digital assets.

“BEST will play a vital role in Bitpanda's global expansion and in making our vision of democratizing personal finance and investing. 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,” the CEO added.