TL;DR Breakdown • Bitpanda’s crypto platform could make significant gains before the end of the year.• Crypto exchange ends business financing with $4.1 billion in profit. Cryptocurrency exchange Bitpanda was trending a few hours ago for raising $263 million in a new round of funding. This increase gives the exchange a value of $4.1 billion, which would mark a milestone for the cryptocurrency platform. For context, the new round of funding on the platform is three times larger than the previous round acquired in March. The exchange raised $1.2 billion for that initial round, which is a negligible figure compared to the new one. The recent investment was led by the company Valar Ventures, who, with its co-founder, Peter Thiel, has participated in all Bitpanda rounds. Bitpanda and importance of recent raise Bitpanda was created in 2014, its headquarters are in Vienna, and it fulfills the purpose of allowing the crypto purchase and unique metals. The exchange has also experimented with the stocks by providing 24-hour support throughout the week. Bitpanda corresponds to one of the most used online brokers in Europe by cryptocurrency enthusiasts. However, the crypto exchange has competition in the region, such as the Trade Republic, Revolut, and eToro. The cryptocurrency platform wants to stand out from competing websites by offering its technology to private banks. The company announced that several of its business partne...
