Bitpanda Pro Sold to One Trading, Issues with Withdrawals Reported

<p>Bitpanda
Pro, a popular Austrian-based crypto <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a>, announced today (Wednesday) a
rebranding and the successful finish of a financing round amounting to EUR 30
million. However, according to the information sent to customers, all the entity's
assets have been sold, and the name has been changed to One Trading.</p><p>In addition,
Reddit and Twitter users report that the launch was not entirely smooth.
Trading was suspended, and withdrawals from the blockchain and via the Bitpanda
Pro mobile application were not functioning.</p><p>Bitpanda Pro Becomes One
Trading</p><p>Bitpanda
Pro is a platform independent of <a href="https://www.financemagnates.com/tag/bitpanda/" target="_blank" rel="follow">Bitpanda retail brokerage</a>, launched in 2019 to
provide a regulated and secure place to exchange digital assets. Bitpanda
decided to sell Bitpanda Pro to One Trading but will retain a minority stake in
the venture. However, the value of this stake has not been disclosed.</p><p>"Since
we first launched Bitpanda Pro, given its potential, we always knew and planned
that its success would naturally make it evolve to become its own
business," Eric Demuth, the CEO of Bitpanda, stated in a press release.</p><p>Nevertheless,
today's (Wednesday) press release does not describe the move as an acquisition but as a <a href="https://www.financemagnates.com/tag/rebranding/" target="_blank" rel="follow">rebranding</a>. It also speaks of a successful funding round worth EUR 30
million, led by Valar Ventures, a venture capital co-founded by the well-known
cryptocurrency entrepreneur Peter Thiel.</p><blockquote><p lang="en" dir="ltr">Our rebranding is a major step to strengthen our crypto asset offerings and addressing the lack of regulated venues in Europe