Bitpanda Launches DeFi Wallet Amid Record Revenue Growth
Bitpanda, a leading European crypto platform, has launched the Bitpanda DeFi Wallet, a significant addition to its web3 suite. This development comes shortly after the company reported a record financial performance, with sales reaching $426 million. The new wallet supports over 5,000 tokens across several blockchain networks, including Ethereum, Solana, Polygon, and BNB Chain, among others.
The Bitpanda DeFi Wallet enables users to interact, earn, and manage digital assets seamlessly across multiple chains without leaving the app. Key features of the wallet include multi-chain DeFi access, smart swaps with optimized pricing, self-custody wallets with optional Bitpanda Backup for secure recovery, curated DeFi yield pools, and sponsored gas fees for selected layer-2 networks.
Key Features and Benefits
The wallet’s features are designed to provide a comprehensive and user-friendly experience. Some of the notable features include:
- Multi-chain DeFi access with plans for additional network support
- Smart swaps with over 5,000 tokens and optimized pricing
- Self-custody wallets with optional Bitpanda Backup for secure recovery
- Curated DeFi yield pools, vetted for transparency
- Sponsored gas fees for selected layer-2 networks
- Seamless integration with existing Bitpanda accounts, allowing for transfers without manual address input
Bitpanda also plans to introduce a web3 native loyalty program, enabling users to earn points through on-chain campaigns. This move underscores the company’s commitment to expanding its offerings and enhancing user engagement.
Recent Milestones and Strategic Developments
The launch of the Bitpanda DeFi Wallet follows a series of significant milestones and strategic steps by the company. Earlier this month, Bitpanda reported its strongest financial performance to date, with operating revenue reaching $426 million, representing a 162% increase from the previous year. This growth is attributed to new partnerships and the expansion of regulated offerings.
In January, Bitpanda secured a MiCA license from Germany’s BaFin, enabling the company to operate under a unified regulatory framework across all 27 EU member states. The company also received a broker-dealer license in Dubai, marking its first fully licensed expansion outside of Europe.
For more information on Bitpanda’s DeFi Wallet and its record revenue growth, visit https://crypto.news/bitpanda-launches-defi-wallet-amid-record-revenue-growth/
