Bitpanda Ecosystem Token: Recap #5

Welcome to the fifth 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, get comfortable and let’s rewind:

BEST Rewards: Collect more than 12% of additional BEST every year

We’ve recently launched an exciting new feature: BEST Rewards. This is a loyalty programme that, when used, increases your BEST holdings by up to 12.78% a year! All you have to do is hold BEST in your Bitpanda wallet and do at least one monthly trade. The higher your BEST VIP level and the more you trade, the more BEST you claim every month. The news doesn't stop there, BEST VIPs were able to vote for the next coin added to Bitpanda. Dogecoin won the coin vote and will be added to Bitpanda very soon!  

In December 2019, we had 19.6% of active traders that used BEST to pay for trading premiums. As you can see from the graphic, in January 2020, this surged to 25.7% and continues to rise throughout February with a percentage of 26.2%. And lastly, in March 2020, we found a small decline where 25.2% of our active traders were using BEST for trading premium payments. Overall, we see that BEST has established a healthy plateau of around a quarter of active traders using BEST.

To conclude, in March 2020, we found that 26% of the total trading premiums on Bitpanda and Bitpanda Pro were paid using BEST. If you take a look at our BEST recap #4, you’ll see 27% of trading premiums were paid using BEST.

BEST continues being adopted by our user base

Every month more active users opt to use BEST to pay for trading premiums. March 2020 was Bitpanda’s highest trading volume to date, with a very successful month of income entering the ecosystem. As you can see from the above graphics, there has been a steady rise in usage since its inception and this constant use of BEST is very positive, as it signals that new users are also using BEST.

With more and more new features, BEST will play an even bigger role within the Bitpanda ecosystem in the coming months. BEST Rewards and VIP votes were the latest additions in the last couple of weeks. We also have the second BEST burn approaching on April 30th 2020, so stay tuned for more news.

Are you inspired and ready to buy some BEST?

You can buy BEST on Bitpanda or Bitpanda Pro.
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 for competition reasons.