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Austrian cryptocurrency trading platform Bitpanda has introduced a new trading tool named “Fusion,” specifically designed for high-volume traders.
According to Bitpanda, Fusion aggregates price data from major cryptocurrency exchanges, market makers, and liquidity providers. This allows users to buy and sell at optimal prices without the need to manually compare rates across multiple platforms.
Liquidity and Efficiency
The company highlights that a key feature of Bitpanda Fusion is its ability to pool liquidity from various markets. This method eliminates the liquidity constraints that traders often encounter when relying on a single exchange. By providing access to a deeper liquidity pool, Fusion offers tighter spreads and more competitive pricing, which is crucial for executing large transactions.
“With Fusion, we’re addressing two of the biggest challenges high-volume traders face: fragmented pricing and liquidity shortages,” Bitpanda stated.
Trading Options Include EUR, USD, CHF, and GBP
Upon launch, Fusion will provide access to over 700 trading pairs. Users can trade these pairs directly in their preferred currency, including EUR, USD, CHF, and GBP, without requiring currency conversions.
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The tool also includes stablecoins within these currencies. The firm noted that the list of supported pairs is expected to expand in the future.
A New Era for High-Volume Crypto Trading?
With the introduction of Fusion, Bitpanda aims to resolve liquidity issues, simplify market access, and provide cost-effective, secure solutions.
“It [Fusion] is the best tool on the market for experienced high-volume traders and means they no longer need to track prices across multiple exchanges or have multiple logins and it guarantees the execution price. It is everything you ever wanted in one account,” said Eric Demuth, CEO and co-founder of Bitpanda.
Bitpanda Works With Citigroup and JPMorgan, Mulls IPO
In October, a Bloomberg report indicated that Bitpanda is currently collaborating with Citigroup and JPMorgan. The company’s potential initial public offering (IPO) could result in a valuation exceeding $4 billion.
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