Bitpanda Launches Advanced Platform for Crypto
Bitpanda has announced the launch of Bitpanda Fusion which is a more advanced platform for cryptocurrency traders.
About the Announcement
Bitpanda Fusion is a new trading platform that is meant for advanced crypto traders. This new trading platform will include all the existing features of Bitpanda. In addition, it will support intra-day, high-volume trading strategies. It will have reasonable pricing while also offering sophisticated charting and analysis solutions.
The new trading platform will be completely compliant with existing EU regulations. The aim of the new platform is to allow cryptocurrency traders to execute any cryptocurrency strategy that they want.
“Fusion is a new standard for crypto trading. It is the best tool on the market for experienced high-volume traders and means they no longer need to track prices across multiple exchanges or have multiple logins – and it guarantees the execution price,” said Eric Demuth, CEO and co-founder of Bitpanda.
“It is everything you ever wanted in one account. Bitpanda Fusion offers simplicity, safety, deep aggregated liquidity, and price precision as well as the security, regulation, and trust Bitpanda is known for.”
Impact on Traders
The new announcement will be welcome news for cryptocurrency traders. As Bitpanda has stated, the new trading platform is meant to set a new standard for cryptocurrency trading. If all promises hold true, then the new trading platform will empower traders to execute any kind of trading strategy that they can conceive.
The earlier version of the trading platform did not allow for such capabilities, hence, the new platform can be a gamechanger for advanced traders looking to test and execute sophisticated trading strategies.
Impact on Brokers
Cryptocurrency brokers will need to pay heed to growing competition. As Bitpanda seems to have raised the bar for what a crypto trading platform is capable of, other brokers may need to follow suit and either upgrade their own proprietary trading platforms, or offer a third-party trading platform with all the required capabilities.
About Bitpanda
Bitpanda is headquartered in Austria and provides cryptocurrency and securities trading services. The company has been in operation for over a decade and has achieved a valuation of over $4 billion. It has the distinction of being the first Austrian unicorn.
The company launched as an exclusive crypto platform before expanding to include a wide variety of securities.
Summing Up
Overall, Bitpanda has made waves through its announcement. The crypto industry will be carefully monitoring whether the company is able to live up to its promises and whether the new trading platform delivers.
