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 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:
- 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?
- We discuss the best possible liquidity strategy for your project.
- If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
- 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.
SCHEDULE AN APPOINTMENT WITH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS
FAQ
WHERE IS BITPANDA LOCATED?
Bitpanda is headquartered in Vienna, Austria, where it was initially founded.
WHAT IS BITPANDA’S DAILY TRADING VOLUME?
According to the data provided by Coinranking, as of October 10, 2022, the platform’s 24h volume was at the level of $ 4.86 million.
IN WHAT COUNTRIES IS BITPANDA AVAILABLE?
Bitpanda is available in the majority of EU countries, as well as in the UAE, Turkey, and some other territories.
WHAT IS A CENTRALIZED EXCHANGE (CEX)?
It is a digital asset marketplace using a similar business model to traditional asset platforms like stock exchanges.
Centralized crypto venues typically keep limit order books, which are lists of open buy and sell orders, consisting of volumes and prices. They match up buyers and sellers and announce current market prices based on the last price an asset sells for.
WHAT IS TOKEN LIQUIDITY?
This term refers to the ease with which tokens can be swapped for other cryptocurrencies (other crypto assets or government-issued fiat currencies).
WHO ARE MARKET MAKERS?
A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit generation trading strategy by hedge funds.
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