Bitpanda Plans to Add More Cryptocurrency Every Week As Demand Increases

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Bitpanda Plans to Add More Cryptocurrency Every Week As Demand Increases
Bitpanda Plans to Add More Cryptocurrency Every Week As Demand Increases

Bitpanda is a Vienna-based cryptocurrency exchange that currently offers its more than 3 million users access to 1,000 digital assets. Since its inception in 2014, the exchange has expanded beyond crypto, offering trading in stocks, precious metals, and exchange-traded funds (ETFs) through a mobile app.

Bitpanda Will Allow Project Developers to Request Their Cryptos to Be Listed

According to a report on February 17, Bitpanda announced that it plans to add new tokens every week in response to growing user demand.

In addition to regularly selecting tokens to add, Bitpanda will allow project developers to request their tokens to be listed

Chief Executive Eric Demuth in a press release stated that Cryptocurrency investors know that the early stages are critical to success, which is why they have decided to list new batches of cryptocurrencies every week, giving our community one-click access to cutting-edge crypto assets directly from their Bitpanda accounts.

Before new cryptocurrency and token projects go public, they are screened and go through a due diligence process conducted by Bitpanda’s Asset Listing Committee.

Requirements for new cryptocurrency projects include verification of market capitalization and stability.

In March last year, Bitpanda completed a $170 million Series B round, becoming Austria’s first unicorn startup.

In December, the first exchange-traded cryptocurrency note (ETC) was launched, which replicates the price of Bitcoin and is traded in euros. Bitpanda Bitcoin ETC is physically backed by Bitcoin held in cold storage by regulated custodians.

Bitpanda is to date the only company not based in France to have obtained registration with the Autorité des marchés financiers as a Service Provider on Digital Assets (PSAN).