Bitpanda Crypto Exchange Raises $263 Million; Valuation Grow by 3X in 6 Months

The first Austrian crypto exchange-the Unicorn Bitpanda shows the dynamics of the rise. In a brief 6 months, Bitpanda jumped from a valuation of $ 1.2 billion to a valuation of $ 4.1 billion after raising $ 263 million in the series C funding round.the latest round of funding was led by existing investors, partners LeadBlock and Jump Capital and alan Howard and REDO Ventures.

Europe-targeted and B2B exchange services
Unlike the American crypto exchange giants, Bitpanda has shifted its attention to Europe. The exchange is partnering with offices and physical technology hubs in eight cities in the region, including Vienna, Barcelona, Berlin, Krakow, London, Madrid, Milan and Paris. Moreover, Bitpanda has become the B2B trading industry in partnership with the white label platform. This allows other fintech and banks to trade cryptocurrencies to their own customers.

This combination of both B2B products and remote geographic orientation allowed Bitpanda to host new users in a short time. The exchange believes it is “continuing the program” to grow its user base 6 times a year. Returns are expected to increase 7 times in 2021 compared to 2020.

Exchange focuses on crypto offering non-crypto trading
The exchange platform stands out for offering its 3 million users simple and free investments as well as stock investments in precious metals such as gold. However, Bitpanda stresses that it is focusing more on the crypto industry. Despite diversification beyond the cryptosphere, decentralized trading remains the” preferred option “for existing bitpanda users, and the stock trading product is still in beta, a BitPanda spokesperson said.

“We have introduced a new way to invest in stocks and ETFs with Bitpanda stocks; it allows you to invest 24/7 at any time of the day or night. This is still in beta, we are constantly adding new assets. However, stock trading is slowly gaining momentum.

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