Bitpanda Web3: Europe’s Leading Crypto Platform Launches Innovative Product Suite
The Austrian crypto company Bitpanda intends to lead Europe deeper into the future of Web3. For this purpose, a new product range has been released, stretching across the main areas of the future internet built around blockchains.
Bitpanda’s Web3 strategy
Bitpanda reaches around the Web3 universe with a broad claim and introduces a wide range of new products and solutions as part of the Bitpanda Web3 product suite. This strategy is based on four core pillars: Decentralized Exchange (DEX), Decentralized Finance (DeFi), Decentralized Applications (DApps), and Non-Fungible Tokens (NFTs).
New products for Bitpanda Web3
With a decentralized exchange (DEX) named Bitpanda Swap, Bitpanda offers a new platform for trading tokens based on Ethereum, BNB (previously Binance Coin), and the Avalanche network. Bitpanda Swap supports over 150 different tokens and is available worldwide.
For DeFi, Bitpanda highlights new partnerships, such as with Aave and Compound. Added value for customers is to come through new savings plans that allow staking of various cryptocurrencies.
For DApps, Bitpanda’s Web3 wallet is emphasized, which should make access to decentralized applications as easy as possible. It is integrated into Bitpanda’s main platform and allows direct use of DApps and NFT trading.
For NFTs, Bitpanda Marketplace makes a debut, marking Bitpanda’s first move to allow direct trading of digital art and collectibles. Initially, the Avalanche blockchain will be the foundation here.
Potential and distinction with the competition
With these strategic steps, Bitpanda aims to take a pioneering role for the future of Web3 in Europe and rightfully outlines this in the presentation of the expanded offerings. Bitpanda’s goal is to embody the one-stop shop for Web3 services, from initial investment in cryptocurrencies to various uses in DApps and NFTs.
Bitpanda, whose headquarters is in Vienna and already counted more than four million customers by 2022, seeks to set itself apart from competitors like Binance and Coinbase, which often have limited focuses in the Web3 area. Through partnerships and integrations with leading projects in the space, Bitpanda moves forward strategically and asserts its claim to branding itself as a European leader in Web3.
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