Welcome to the fourth instalment of the Bitpanda Ecosystem Token Recap. In this series, we update you regularly about news related to BEST, statistics and trading premiums. So have a seat with a cup of coffee and let’s rewind:
We had a successful BEST burn event
In case you didn’t know, on the 30th of January, 2020, we held our very first BEST token burn event and destroyed 10,862,539 BEST which was the equivalent of €750,600. As we held the burn a quarter earlier than expected due to the popularity of BEST, the next burn is scheduled for the 30th of April, 2020. To read more about the BEST burn and to find out about the next burn dates, have a look at our blog post.
In November 2019, we had 21.1% of active traders that used BEST to pay for trading premiums. As you can see from the graphic, in December 2019, this rate dropped briefly to 19.6% before rising again in January 2020 to 25.7%. And lastly, in February 2020, we found that 26.2% of our active traders were using BEST for trading premium payments.
To conclude, in February 2020, we found that 27% of the total trading premiums on Bitpanda and Bitpanda Pro were paid using BEST. If you take a look at our BEST recap #3, you’ll see 18.1% of trading premiums were paid using BEST.
BEST is on the rise
Every month more active users opt to use BEST to pay for trading premiums. As you can see in the above graphics, there is a steady rise in usage and we can speculate that this figure will only go up over the next few months.
Are you inspired and ready to buy some BEST?
Please note that we will stick to our policy to not report the exact amount of BEST collected for competition reasons.