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Bitpanda European Exchange to List IOTA

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  • Yuri Molchan
    📰 News

    The European exchange to widen its range of coins betting on IOTA

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Cover image via u.today

Bitpanda has announced on Twitter about its plans to list IOTA on June 14.

Bitpanda

Bitpanda is European crypto trading platform registered in Vienna since 2014. The exchange works officially and complies with know-your-customer (KYC) and anti-money-laundering (AML) rules.

At the moment it trades the following currencies: Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash and Ripple.

IOTA

This coin is on the top 10 list of digital currencies, takes ninth place on it regarding the market capitalization. It works on its own Blockchain called Tangle and was created to work with so-called smart gadgets, which in the future will be united into the Internet of Things (IoT).

A few days ago IOTA presented a new protocol layer for its Blockchain– Qubic. It allows facilitating smart contracts, oracles and outsources computation.

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Just like TRON, IOTA has been striking new partnerships recently. The latest ones were made with the Norwegian financial group DNB ASA, which signed a Memo of Understanding with the company in order to research the opportunities of using Tangle in the new banking products.

Another partnership was made with Akita Blockchain startup. Together they launched IOTA Lab to continue improving the Tangle platform.

Forecast

Taking into account IOTA’s recent partnerships and the coming listing on the European exchange, this may well give the coin a slight momentum. Anyway, what IOTA is certainly going to get is a bigger share of market attention and this could be positive in any case.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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