Bitpanda expands its platform to Europe
The global exchange for cryptocurrency traders offers its services in Spain as part of its expansion strategy
Spanish users will now be able to enjoy the services offered by the Bitpanda exchange 24 hours a day with a minimum investment amount of 1 euro, as announced by the platform in a statement sent to the newspaper Criptonoticias.
According to the announcement, the world stock market registered a trading volume of 200 million euros (approximately USD 228 million), only in March, adding that in that same month net income of around 3 million euros or USD 3.42 million was obtained, figure that increased the volume to 200% compared to that registered in 2019.
Among the currencies allowed by Bitpanda are: bitcoin, ether (ETH), dash, litecoin (LTC), bitcoin cash (BCH) and Ripple’s XRP. It also offers a native token called Bitpanda Ecosystem Token that does not offer users a commission scheme and fees.
Eric Demuth, CEO and co-founder of Bitpanda, said that they have been waiting for this moment for years. “Currently, the Spanish market is one of the most attractive in Europe for investment and fintech platforms. Furthermore, despite not having the service in their mother tongue, thousands of Spaniards carry out all kinds of operations on our platform daily.”
The future plans of the company remain consolidated in the expansion of its service across all continents and it is expected that in the coming months the combined efforts will allow the inclusion in the platform of shares and ETFs, which are listed investment funds traded in the secondary stock markets.
K.Villarroel
Source: criptonoticias
