Bitpanda Ecosystem Token: Recap #3

Welcome to the third 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:

But before we get into the stats, let’s talk features. BEST users get 25% off trading premiums, plus a guaranteed €0.12 minimum value for trading premiums. This currently corresponds to a discount of roughly 70%!

23.7% of our active traders used BEST in week nine compared to 23.8% in week eight since the launch of the BEST trading premium reduction feature. This is a steady increase from week six which saw a 21% usage. Overall, we see that the adoption rate steadily increased.

Since we launched the feature to use BEST to pay for trading premiums, 21% of our active traders have been using BEST for trading premium payment.

To conclude, so far 18.1% of the total trading premiums on the Bitpanda platform and the Bitpanda Global Exchange were paid in BEST since we launched the BEST premium reduction feature on October 30th 2019.

BEST adoption rate is on the rise

Every month we gain more active users who use BEST to pay for trading premiums. Compared to last month’s usage from 16.6% to 18.1%, we can speculate this figure will only go up over the next few months, even with a slight decrease in week five. Also, considering in the first few days of the BEST launch, the usage was about 13.2%, it’s now 23.7%! Safe to say, we’re quite happy with the results.

Are you inspired and ready to buy some BEST?

You can buy BEST on the Bitpanda platform or on the Bitpanda Global Exchange.

You can also swap any supported cryptocurrency, stablecoin and even digitised gold, silver, palladium and platinum to BEST. Happy trading!

Please note that we will stick to our policy to not report the exact amount of BEST collected and % usage as we want to keep this figure private for competition reasons.