Bitpanda comes to Eastern Europe

Bitpanda comes to Eastern Europe

  • Bitpanda opens an office in Poland

  • Initially, the exchange plans to invest € 10 million in a new hub

  • The exchange, meanwhile, is actively cooperating with Raiffeisen Bank on the state digital currency.

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Austrian cryptocurrency exchange intends to open a technology hub in Poland and create hundreds of jobs

Bitpanda comes to Eastern Europe

Austrian crypto-exchange Bitpanda intends to invest € 10 million in a technology hub in Krakow, Poland. Writes about this Polish edition of

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Bitpanda reportedly intends to hire around 300 people in IT positions in 2021. Bitpanda co-founder and CTO Christian Trummer said the company’s goal is to remove barriers in the individual investment market.

“I am confident that we will be able to attract the most qualified specialists from all over the region,” added Trummer..

Trummer himself will supervise the new team in Poland.

Zero-sum game

Despite the fact that Bitpanda plans to invest € 10 million, Bitpanda officials say this is just the beginning. Recall that earlier in 2020, the Austrian exchange raised $ 52 million from such giants as Valar Ventures of Peter Thiel (co-founder of PayPal) and the Speedinvest fund..

Bitpanda comes to Eastern Europe

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However, not everyone took the news of the expansion to Eastern Europe positively. Users believe that by opening an office in Poland, Bitpanda wants to reduce the cost of salaries for IT specialists.

Meanwhile, Bitpanda is actively expanding its capacity in the digital government currency market. BeInCrypto reported that Austrian banking group Raiffeisen Bank International has partnered with Bitpanda to create digital currencies.

The financial conglomerate and crypto exchange will focus on the implementation of the working concept of the Pantos inter-blockchain system for stablecoin under the name RBI Coin..

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