Bitpanda Announces Launch of New Global Exchange Alongside an IEO

Bitpanda, a Vienna-based fintech that allows users to invest in gold, bitcoin, and other digital assets announced on Wednesday the launching of its new global cryptocurrency exchange dubbed “Bitpanda Global Exchange (Bitpanda GE)”, alongside its first Initial Exchange Offering (IEO), according to a press release.

Bitpanda GE is reportedly an easy-to-use trading platform that will allow experienced, professional, and institutional traders from around the world buy, sell, and store cryptocurrencies like Bitcoin, Ether, and others.

For a start, the exchange will provide supports for  crypto-to-fiat and crypto-to-crypto pairs including Bitcoin/USDT, Bitcoin/Euro, Ether/Euro, Ripple/Euro, MIOTA/Euro, Ether/Bitcoin, Ripple/Bitcoin, MIOTA/Bitcoin, PAN/Bitcoin, BEST/Bitcoin, BEST/Euro, and BEST/USDT, and more.

Verified users within European countries have the privilege to make deposits via Swiss Franc, the Euro, and British Pound. Interestingly, the users can seamlessly move their funds between Bitpanda and Bitpanda GE, as both platforms are connected.

“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,” Bitpanda’s CEO Eric Demuth commented.

The exchange also has plans to launch an IEO dubbed “Bitpanda Ecosystem Token (BEST).” Users holding the BEST token will receive a 25% discount on trading fees and access to the upcoming Bitpanda Launchpad, for launching third-party IEOs.

According to Demuth, BEST will play a prominent role in the global expansion of Bitpanda and in their primary objective to democratize personal finance and investment.

“‘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,” Eric added.