Bitpanda Global Exchange Launches To Target Institutional Traders And BEST Token IEO
Bitpanda Launches Bitpanda GE To Target Institutional Traders As It Goes International
High-volume digital asset traders who prefer Bitpanda as their favorite trading platform now have a reason to smile. Bitpanda, an online crypto trading hub based in Vienna, Austria, is rolling out a worldwide digital asset exchange that will specifically to cater for their needs.
The new exchange, christened Bitpanda Global Exchange, or just Bitpanda GE, according to an announcement made on Wednesday 5th June, will target all experienced traders. Ideally, it will allow professionals and institutional cryptocurrency investors to conveniently trade or store their assets.
Few Selected Trading Pairs
For the start, however, this exchange will support a selected number of crypto-to-crypto and crypto-to-fiat pairs. The first crypto-to-crypto pairs which essentially feature the prominent coins include ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, and BEST/BTC, although the number will increase when it starts supporting more.
As for the rest of the crypto-fiat combos, the exchange will support BTC/USD, BTC/Euro, ETH/Euro, XRP/Euro, MIOTA/Euro, BEST/Euro, and BEST/USD pairs. The exchange will allow verified traders to deposit their funds in only three fiat currencies – Euro, Swiss Franc or British Pound.
According to the Press Release, traders will be able to directly transfer funds between the new exchange and Bitpanda since the two basically are interconnected. This whole development clearly underpins the growth that this exchange, established in 2014, has undergone, which according to the platform CEO, Eric Demuth, will mold lots of synergies.
Bitpanda Is Also Launching An IEO
While announcing the launch of Bitpanda GE, the Vienna-based crypto trading platform also mentioned the unveiling of their debut Initial Exchange Offering. The IEO will award holders of its native token Bitpanda Ecosystem Token or BEST with a 25% discount on any trading costs they incur.
It will also grant them free access to the forthcoming Bitpanda Launchpad; a platform that will help in creating 3rd party IEOs. The incentive, according to the platform’s CEO, is critical in the overall growth of Bitpanda and especially now that it’s going global. The token is expected to be at the heart of the platform’s universal reach while helping to democratize investment and personal finance.