Austrian crypto trading platform Bitpanda has launched its latest innovation, ‘Fusion’, a cutting-edge trading tool tailored for high-volume traders. The platform is designed to streamline the trading experience by consolidating liquidity and pricing data across multiple markets.
At the heart of Fusion’s appeal is its ability to aggregate liquidity from a wide range of sources, including leading cryptocurrency exchanges, market makers and liquidity providers. By aggregating this data, Fusion eliminates the need for traders to manually compare prices across different platforms.
This approach not only simplifies the trading process, but also solves common liquidity constraints faced by traders who rely on single exchanges. The result is tighter spreads, more competitive pricing and improved efficiency – critical factors for those executing large trades.
“With Fusion, we’re addressing two of the biggest challenges faced by high-volume traders: fragmented pricing and liquidity constraints,” said Bitpanda in a statement.
At launch, Fusion will support over 700 currency pairs, allowing traders to execute trades in major currencies such as EUR, USD, CHF and GBP without the need for currency conversions. Stablecoins pegged to these currencies are also available, and Bitpanda plans to expand the range of supported pairs in the future.
Simplifying high-volume crypto trading
“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.
In addition to the launch of Fusion, Bitpanda is reportedly working with Citigroup and JPMorgan on plans for an initial public offering (IPO) that could value the company at more than $4 billion, according to a Bloomberg report.
With the launch of Fusion, Bitpanda continues to solidify its position as a leader in the crypto trading market, providing innovative solutions for the ever-evolving needs of high-volume traders.
