Crypto markets had a dream run in 2017, with bulls roaring throughout the year. But what followed in 2018 where the worst nightmares the market ever witnessed, with almost every cryptocurrency losing significant value, some even losing up to 90%.
Many crypto projects came crashing down to a grinding halt, and some even had to shut operations completely. Notably, in fast-growing economies like India and China, crypto businesses faced dual challenges, first from the bears, and the second from regulatory authorities. Even Bitcoin kept losing the price battle in the latter half of 2018, finally ending the losing streak in February earlier this year. And since then bulls have come roaring back.
What the above means is that every business in the crypto space including digital currency exchanges, suffered severe blows. Many crypto exchanges crumbled down, while projects like Fantomcoin could never recover from the crash, and has been losing ground completely. However, few crypto exchanges managed to survive the crypto winter, and in the end, that’s all that’s important.
One of such exchanges is Bitpanda, which managed to survive the bearish trends of 2018, and is going very strong this year too. Earlier this month, Bitpanda announced via its official Twitter handle that it had acquired a European PSD2 Payment Service Provider license, which will boost the platforms global remittance capabilities.
We’re excited to announce Bitpanda has been granted a European PSD2 payment service provider license! What does that mean? We can launch new and innovative features we’ve been planning. Read more about what this means for Bitpanda on the blog https://t.co/nkPUmUfNnw #bitpanda
— Bitpanda (@bitpanda) April 4, 2019
Bitpanda has been adding newer features on the platform, while also bringing newer tokens to be traded on the exchange. Currently, major cryptocurrencies listed on the exchange include Bitcoin, Ethereum, Litecoin, Ripple, and Dash. Apart from this, the Austrian crypto exchange has also listed stablecoins including Tether (USDT) and USD Coin (USDC). The platform is strongly committed to adding more stablecoins and altcoins on the platform, in a bid to widen the scope of investments for its users.
Last week, Bitpanda conducted a poll on Twitter, asking its community members that which is the next cryptocurrency they want to see on the exchange. It had given its users four options; TRON (TRX), Dogecoin (DOGE), Basic Attention Token (BAT), and Golem (GNT).
Majority of the voters chose TRON, which was more or less expected, given the popularity of TRX. Consequently, TRON is expected to be the next cryptocurrency to be added on the Bitpanda Crypto Exchange.
Bitpanda is an important player in Austria’s cryptocurrency markets. Recently, Bitpanda CEO Eric Demuth was part of a delegation which accompanied the country’s Digital & Economic Affairs Minister Margarete Schramböck to New York, for an official discussion on digitalization and future technologies with US-based start-ups.
Bitpanda CEO, @eric_demuth, was in New York this week with Margarete Schramböck, Austria’s Minister for Digital & Economic Affairs as part of a delegation trip which saw numerous productive talks about digitalisation and future technologies with various established US startups. pic.twitter.com/sqv0ceC3ks
— Bitpanda (@bitpanda) April 19, 2019
TRON, on the other hand, is one of the fastest growing cryptocurrencies, more so in terms of adoption. Justin Sun-led digital token has been working extensively on expanding its user base and field of reach. Once TRX gets listed on Bitpanda, it will further help the crypto project to reach the unexplored shores of Austria, which has shown signs to be a European powerhouse, along with Ireland, France, and Germany, in terms of crypto and blockchain technology.