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Bitpanda raises €10 million in private sale for its coin BEST and launches public sale

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Vienna, 9th of July 2019 – Vienna-based fintech Bitpanda have today launched the public sale of their own ecosystem token. BEST (Bitpanda Ecosystem Token) is the coin of the globally expanding investment platform, Bitpanda. It will play a vital part in the company’s growth and will increase customer loyalty even further. BEST will offer a wide range of benefits to 1 million Bitpanda users.

  • BEST (Bitpanda Ecosystem Token) IEO public sale is live from July 9th 1pm CET until August 6th 1pm CET
  • Up to 500 million out of 1 billion BEST are for sale
  • BEST available for €0.09 per token during the first week of the public IEO
  • 25% trading fee discount when paying fees with BEST (Q4 2019)
  • Priority access to the upcoming Bitpanda Launchpad
  • Simple investing process with every supported digital asset on the platform
  • BEST trading starts on August 7th 2019 as part of the launch of the Bitpanda Global Exchange

Bitpanda, the Viennese fintech with 1 million users and more than 120 employees, have today launched the Initial Exchange Offering (IEO) for the Bitpanda Ecosystem Token. BEST is the coin of the Bitpanda ecosystem and offers its users a wide range of benefits. For example, users will get a reduction of 25% on Bitpanda trading fees and gain priority access to the upcoming Bitpanda Launchpad, which will be available later and will allow the launch of third-party IEOs. Prior to the start of the public sale, the company has successfully raised more than €10 million in its private sale (20% of the total amount for sale), which means that BEST is already the most successful central European IEO.

“BEST is the fuel of the Bitpanda ecosystem, which means that the Bitpanda platform, the Bitpanda Global Exchange and future products, like the Bitpanda Launchpad, will make heavy use of incorporating BEST. It will play a vital role in Bitpanda’s global expansion and in making our vision of democratising personal finance a reality”, says Bitpanda CEO Eric Demuth.

On August 7th 2019, Bitpanda will also launch the Bitpanda Global Exchange, a digital asset exchange for experienced traders, professionals, and institutions. Bitpanda’s first global product will allow fiat-to-crypto as well as crypto-to-crypto trading and has been developed 100% in-house over the course of 2 years.

About Bitpanda

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 around 1 million users and more than 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.

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Now is the Perfect Time to Become a BitStarz Affiliate

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Cryptocurrency isn’t just a passing fad or get rich quick scheme, it’s an innovation that is changing the world as we know it. No industry has benefited more from cryptocurrencies rocket to the moon than iGaming, as it’s grabbed onto the digital coin revolution with both hands.

What was once something offered by just a few niche casinos has actually catapulted the likes of BitStarz to industry superstardom. The growing benefits of Bitcoin and other cryptocurrencies used in iGaming simply can’t be ignored, with affiliates now also able to reap the benefits – there simply is no better time to become a BitStarz affiliate!

Affiliate Marketing is a Money Maker

Affiliate marketing has a hand in almost every industry, even if you don’t see it. In fact, from retail all the way through to ICOs, affiliate marketing has a role to play in generating business and brand awareness for companies around the globe. This certainly isn’t a one way street relationship either, as affiliates under the right scheme can generate huge revenues.

Where there is iGaming there is affiliate marketing, the two just seem to go hand in hand. Long before other industries woke up to the value of affiliate marketing, iGaming was already ahead of the curve. Now, take a new innovation like crypto, which commands headlines, and mesh it with the ever popular online casino industry…

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Australia progressively develops a crypto scheme

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Cryptocurrency and the Bitcoin first entered our vocabulary in 2009. It has been 10 years and up to now many people recognize this terminology, however, it is not really used for payment. Despite it is slow progression worldwide, Australia is a growing market for it. Gambling and online casino is also strongly developing in Australia and it is using more digital exchanges. According to various statistics – online casino Australia is a widely researched topic and surely is attracting more and more people along with cryptocurrencies. There had been some changes in taxation and cash payments, so it is very likely that Australians will go digital and buy cryptocurrency very soon.

Australia has legalised cryptocurrency since 2017 with the support of the government. They have to be treated as property and subject to Capital Gains Tax(CGT). The change in tax law surely demonstrated how Australia is progressing towards digital.

In 2018, new cryptocurrency exchange regulations came into place and it got more complex. The new rules required exchanges to be registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in order to prevent deceptive activity.

Australia looks ready to include Initial Coin Offerings (ICOs). They are cryptocurrency’s way of community funding, which came into public back in 2014. Although it has been banned in China and criticized By the Us, Australia keeps being open to new possibilities…

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ArBinance Takes Arbitrage Trading to Another Level

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As the cryptocurrency market becomes more prominent among professional traders, it can make conventional trading processes a part of its operations.

One of these mechanisms is arbitrage. Arbitrage allows traders to benefit from buying and selling cryptocurrencies priced differently across different exchanges. But given that tracking price changes and acting on them is very difficult, automated solutions often prove to be helpful for those who want to make use of arbitrage.

ArBinance is a new, automated arbitrage platform that allows its users to use arbitrage trading in an effective manner. With solutions crafted to fit the needs of all traders, ArBinance brings cryptocurrency arbitrage to everyone.

Arbitrage Trading is Helpful but Difficult to Execute

With new cryptocurrency exchanges popping up every other day, the digital asset market is rife with different markets. For those who deal with arbitrage trading, this means a plethora of opportunities to find differences in cryptocurrency pricing.

If a cryptocurrency is priced lower at one exchange but a little higher on another, it can be bought on its lower value and sold at a higher price. As a result, the trader who executes this transaction makes off with some profits. But considering that the price difference isn’t that much, to begin with, only one or two arbitrage trades do not cut it as an adequate trading profit.

That is why arbitrage traders have to…

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