raised €43.6 million by selling out their IEO
is the most successful European IEO to date
Bitpanda Global Exchange is the first worldwide product and was made for
professionals and institutions
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
Vienna, 7th of August 2019 – 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 €43.6 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 €43.6
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.
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.