Bitpanda listing – and the necessity to hire a market maker to manage your liquidity

Facts about Bitpanda exchange

Bitpanda is one of the most actively growing and developing fintech companies in Europe. The company was established in 2014 and was registered in Vienna, Austria. Today, Bitpanda fully complies with European regulators.

It is more than just a crypto exchange as the platform offers significantly wider investing opportunities. The users of this platform can invest in both crypto tokens and also in traditional stocks and metals.

The company unites more than 700 employees and, having 50+ nationalities on board, its team is truly international. With a PSD2 payment service provider license, Bitpanda has won a reputation as a reliable trading platform that continuously attracts users from Europe and other regions.

Why list on Bitpanda

Bitpanda Pro is always interested in expanding its offer of digital assets and is open to welcoming new token projects on its platform. To list a coin on Bitpanda, a team needs to share the details of their token and project in general, explain its plans for the future, and key ideas that their company is based on.

All this information should be provided via an online form available on Bitpanda’s official website. Bitpanda experts need some time to carefully consider each application and if a token is selected for listing, they will contact a coin project team for explaining further steps of the listing project.

At the moment, Bitpanda offers 34 coins for trading.

BitPanda’s score metrics

When choosing a venue for listing, it is important to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap and Nomics rate the exchange.

CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, scale of operations, cybersecurity score, and more. Bitpanda’s Trust Score is 8. Only 10% out of more than 500 cryptocurrency platforms have Trust Score 8 or higher.

CoinMarketCap’s Exchange Score is based on the following factors:

• Web Traffic
• Average Liquidity & Volume
• the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.

Bitpanda’s Exchange Score is 4.0.

Nomics’ metric is called Impact Score – and represents an exchange’s influence on the price of cryptocurrencies it trades. The score is a combination of web traffic, volume, and other factors.

Bitpanda’s Impact Score is 5.32.

Listing requirements 

When you apply for a listing on centralized exchanges, the legal team will examine your documentation, which usually includes the certificate of incorporation, legal id of team members, whitepaper, etc. In certain cases (like stable coins), they may require additional documents. You will be asked to provide key information about your token, team, and community. This information should persuade the exchange team that your token will be successful after listing. Take the time to do it well.

The project review consists of several key points:

1. Project Introduction: The token issuer should write a short summary of what the project does or fill out a form providing necessary project details and information for review by the exchange’s team.
2. Token Overview: This includes chain type (BSC, ERC, TRC, etc.), blockchain explorer, smart contract address, use of token, etc.
3. Token Economics and Fundraising: You will be asked to provide information about token distribution, token unlock schedule, or conducted token sales. 
4. Marketing Strategy and Community: To check the user engagement and quality of business partnerships, the exchange will check community hubs with their main geographies. They check the website, Twitter, and Telegram channels, including the number of followers and likes per post. Projects should also introduce strategic partnerships with expected results.
5. Project Team: Introduce your team members with bio descriptions of the Founder/CEO and core members, including Linkedin profile links..
6. Listing Plan: Outline your plan for listing the token. If it’s not your debut, you’ll need to provide the exchange team with information on your existing markets and trading volumes on them. 
7. Market Maker: You must specify a market maker who works with you and provides initial liquidity during the listing. 

By addressing these points thoroughly, you increase the probability of the approval and entry into negotiations.

We help token projects get listed on Bitpanda. We can introduce you to their listing team and verify the communication channels to protect you against scams. We also can help you in the negotiation process and ensure liquidity for your token at the very first moment of your listing. You can specify Empirica as your market maker – that could be an extra point for you :)

Contact us to learn how to increase your chances of a successful listing on Bitpanda. 

What is the cost of listing a token on Bitpanda?

Most exchanges do not officially disclose listing fees, which can vary widely across different spots. Sometimes, exchanges may not charge anything for listing, while other times the fees can be substantial, with no upper limit. These amounts are always under NDA, so you probably will not find any credible information on them across the websites.

We can provide you with an overview of the listing costs on various exchanges based on our experience. Schedule a free consultation. We can discuss the best listing strategy for your token. You can consider our help in the fee negotiation process. As we have helped many project to get listed on Bitpanda, you can count on us in this process.

Our services include extensive support in the following areas:

• Introducing to verified listing teams. Prevent listing scams by verifying listing managers and communication channels.
• Assist in the listing negotiation process in regard to price and KPIs.
• Ensuring both initial and long-term liquidity for the listed token, fulfilling the exchange’s KPIs.
• Stabilizing prices across CEX and DEX platforms

Contact us and let’s talk about the details.

Listing on Bitpanda with our help

We can help you prepare for listing your token and managing liquidity on Bitpanda and other exchanges. The usual process looks like this:

1. We set up a call to understand the phase of your project. The following points will be discussed:
   • Are you already listed on DEXes or CEXes?
   • What is the tokenomy of your project?
   • Do you have a listing strategy for your token?
2. We discuss the best possible liquidity strategy for your project.
3. If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
4. After your project gets listed on an exchange, we help you build your markets on platforms.

Why do I need a market maker?

Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and leave liquidity to market makers.

A market maker will help you:

• deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
• lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin

In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through their market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market-making solutions.