Bitpanda

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Bitpanda GmbH
TypePrivate
IndustryFintech
FoundedVienna, 2014
Founders

Headquarters
Vienna
,
Austria
Key people
,
CEO
ServicesElectronic trading platform
Number of employees
500 (2021)
Websitewww.bitpanda.com

Bitpanda GmbH is an Austrian company headquartered in Vienna. Bitpanda's mobile app provides access to its trading platform, which provides a cryptocurrency exchange, commodities and securities trading, and ETFs. In 2021 Bitpanda achieved a valuation of over four billion US dollars[1] and had nearly 2.7 million customers and almost 500 employees.[2]

History[]

The company was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer.[3] The company was first called Coinimal and changed its name to Bitpanda in 2016. In 2018, an office was opened in London. Initially, Bitpanda was a platform on which only cryptocurrencies were traded. In 2019, it also launched trading in precious metals and in April 2021, it launched trading in securities.[4]

In September 2020, the company raised $52 million in an initial funding round. Investors included Peter Thiel's investment firm.[5] In early 2021, the company partnered with Visa to introduce a credit card that people could use to pay for goods and services in cryptocurrency or commodities in stores.[6]

In another round of funding in August 2021, the company raised $260 million, increasing its valuation to more than $4 billion.[7] In 2021, the company announced it would open an office in Berlin.[2]

Products[]

Bitpanda's offerings include trading in cryptocurrencies such as Bitcoin or Ethereum, commodities such as silver and gold, and various securities and funds. Cryptocurrencies can be stored in a digital wallet on Bitpanda's platform and can also be sent to other users. In addition, the company also offers its own credit card.

References[]

  1. ^ "Fintech: Bitpanda mit über vier Milliarden Dollar bewertet". www.handelsblatt.com (in German). Retrieved 2021-10-21.
  2. ^ Jump up to: a b "Bitpanda eröffnet Standort in Berlin". FinanceFWD (in German). 2021-07-13. Retrieved 2021-10-21.
  3. ^ "Erstes Einhorn Österreichs: Milliardenbewertung für Krypto-Firma Bitpanda". DER STANDARD (in Austrian German). Retrieved 2021-10-21.
  4. ^ "Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor". Der Standart (in Austrian German).
  5. ^ "Bitpanda sammelt 52 Millionen Dollar in Series A-Runde". brutkasten (in German). 2020-09-29. Retrieved 2021-10-21.
  6. ^ "Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor". DER STANDARD (in Austrian German). Retrieved 2021-10-21.
  7. ^ "Bitpanda holt 263 Mio. Dollar Investment zu 4,1 Mrd. Dollar Bewertung". brutkasten (in German). 2021-08-17.
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