Bitpanda, a leading bitcoin (BTC) and digital assets trading venue based in Vienna, Austria has announced the launch of Bitpanda Global Exchange, a universal cryptocurrency exchange that would support crypto-to-crypto as well as fiat-to-crypto trading.

 

Bitpanda also plans to begin its initial exchange offering (IEO) in July this year, according to a press release on June 5, 2019.

Bitpanda Global Now Live

Per a press release, Bitpanda, a leading European exchange that enables users to trade cryptocurrencies, has launched Bitpanda Global Exchange, a platform it says would help experienced traders as well as institutional digital assets investors from around the world to facilitate crypto-to-crypto and fiat-to-crypto trading.

 

Reportedly, Bitpanda Global will support a vast array of popular trading pairs including BTC/EUR, BTC/USDT, ETH/EUR, XRP/EUR, MIOTA/EUR, ETH/BTC, XRP/BTC and more.

Building upon its existing exchange, which boasts roughly one million active users and more than 100 employees, Bitpanda Global Exchange plans to make it possible for verified traders within European jurisdictions to deposit fiat standards such as the Euro, Swiss Franc, and British Pound.

Commenting on the launch of the global trading venue, Eric Demuth, CEO of Bitpanda, stated that the platform is a significant step forward in its journey towards becoming the largest digital assets exchange in Europe. Demuth said:

 

“Offering professional users a means to trade digital assets and building the largest and most robust exchange in Europe is the next logical step for Bitpanda. We have been existing since 2014 and Bitpanda is a key player in Europe. We can build on a lot of synergies and experience.”

Bitpanda IEO in the Pipeline

The sterling performance of Binance’s BNB coin has no doubt been a motivating factor for both established exchanges and startups alike, with many companies now scampering to integrate a native digital currency into their ecosystem.

To complement the launch of the Bitpanda Global Exchange, the team has revealed that it would launch the Bitpanda Ecosystem Token (BEST) through an IEO on July 9, 2019.

The firm says BEST will offer users numerous benefits and perks including a 25 percent reduction on trading fees, give them access to the soon-to-be-launched Bitpanda Launchpad.

Bitpanda firmly believes that its BEST native token will play a huge role in its global expansion push, and the digital asset will be integrated into the entire Bitpanda ecosystem.

Earlier in April 2019, BTCManager informed that Bitpanda had obtained the Payments Services Directive 2 (PsD2) license from the Austrian financial regulators.