BitPanda Pro Enjoys First Week of Trading

BitPanda Pro Enjoys First Week of Trading

BitPanda launched their new-look professional trading service last Monday which offers new and improved service from the platform it replaced – with there being unique benefits for users both throughout March and far into the future.

The professional service from BitPanda first launched under the name The BitPanda Global Exchange back in August 2019. In a short period of time, they have been contributing frequently to ensure that the product is of the highest quality. These have included the incorporating of trading bot providers and upgraded public API documentation among various other updates. However, the launch of BitPanda Pro will see the biggest renovation to their digital asset exchange.

Along with the change of name comes a complete repositioning of how the platform will function and as of last week, these changes have been fully implemented. In regards to this, the projects core focus has now been placed upon crypto to fiat markets with European currencies. In regards to this, they will be focusing on euros and the newly added Swiss franc, which is already available, with the British pound set to join this line-up very soon.

A such, they are focusing on the biggest players in Europe which makes sense considering the platform is based in Vienna, Austria. With these moves, they are looking to become “as the most secure go-to-place for digital asset trading with European fiat currencies”, according to the platform. As part of this, they continue working closely with authorities who oversee the European market as they have always done.

In fact, they have stated a wish to “overdeliver” both in their native Austria, as well as with the European Union and wider Europe when it comes to compliance and regulation. It is partly due to this that they have highlighted the fiat-to-crypto market as their choice for the newly found focus as they had seen this as one of the strengths. This fresh focus may have been what prompted a string of new appointments in key roles that were made recently, namely in regard to law and global strategy.

Their focus with the newly formatted Bitpand Pro is to get a clearer profile with their platform. Furthermore, they are also hoping to attract both new B2C and B2B clients and ultimately, grow both their number of active traders on the service and in turn, the overall trading volume. In terms of B2C Clients, they are looking for more experienced Algorithmic Traders on the B2C side of things, while for B2B, they will be looking for crypto businesses and institutional clients.

As such, in both cases, it seems that the platform is hoping to attract more advanced traders to their platform and in a more professional capacity than that which was previously seen on the platform in its previous format, or might be found on their standard exchange platform. Another way in which they are crafting a clear vision for this area of their trading services.

In order to help facilitate this new crypto-to-fiat trading pairs will be and have been already added. With these come a more “convenient, secure and trustworthy for professionals, businesses and institutions to onboard or cash out.” Already, three Swiss Franc (CHF) trading pairs were added when this launched, in the form of BTC/CHF, XRP/CHF and ETH/CHF and with GBP will come more still.

To sweeten the deal and encourage more traders to experience BitPanda fees have been slashed in half. This means that from now until the end of March 2020, there will be a 50% discount on trading fees (maker and taker fees) across all levels. As such, it is the perfect time to benefit from these new trading pairs and get yourself set up and ready for more development from this exciting new-look service.

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