After months of anticipation, Bitpanda finally launched its Global Exchange today. Aimed for advanced traders, professionals and institutions, the digital exchange provides additional features as well as lower fees.
Simultaneously, Bitpanda released its BEST (Bitpanda Ecosystem Token) token. Unfortunately for early investors that hoped to make a quick buck, the value of BEST significantly dropped on opening, losing 25% in its first five hours, from €0.1 to approx. €0.08. Many thought that the token would not drop below initial price. But obviously, it is way too early to judge the newly released token.
Overall, Bitpanda sold all the 500 million available tokens and raised €43.6 million, making it the most successful European IEO to date.
In 2020, Bitpanda will release its Launchpad, which will enable companies to launch their token offerings with a combined listing on the Bitpanda Global Exchange and direct access to a large user group on Bitpanda. It will offer unique investment opportunities to Bitpanda users through Initial Exchange Offerings (IEOs).
By CryptoGirl on 2019-08-07 16:41:27 ET
Very interesting. I believe this has great potential, if Bitpanda plays it right. But so far, they seem to do everything right. Let's give them time to work on it with their new capital.