Bitpanda Launches New Tool Dubbed ‘Fusion’ for High-Volume Trades

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...

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December 12, 2024

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Austrian crypto trading platform Bitpanda has unveiled its latest trading tool dubbed “Fusion” designed for high-volume traders.

Bitpanda said Fusion aggregates price data from major cryptocurrency exchanges, market makers, and liquidity providers, allowing users to buy and sell prices without the hassle of manually comparing multiple platforms.

Liquidity and Efficiency

According to the firm, one of the standout features of Bitpanda Fusion is its ability to pool liquidity from multiple markets. This approach gets rid of the liquidity constraints often faced by traders who rely on a single exchange. By providing access to a deeper liquidity pool, Fusion gives tighter spreads and more competitive pricing. This is impotant for traders 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

At launch, Fusion will offer users over 700 trading pairs. Traders can access these pairs directly in their preferred currency, including EUR, USD, CHF, and GBP, without the need for currency conversions.

The tool also features stablecoins within these currencies, with plans to expand the list of supported pairs in the future, said the firm.

A New Era for High-Volume Crypto Trading?

With the launch of Fusion, Bitpanda said it is addressing liquidity issues, simplifying access to markets, and offering 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 emerged that Bitpanda is currently working with Citigroup and JPMorgan. Bitpanda’s potential initial public offering (IPO) listing could draw in a valuation of over $4 billion.