表现
RD 熱度指數
RD 增長指數
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.16% | 0.22% | 7.48% | 21.03% | 16.60% | -- |
開放市場
| # | 交易所 | 交易對 | 價格 | +2% 深度 | -2% 深度 | 成交量(24小時) | 成交量% |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | VSN/USDT | $0.08232 | $13,524 | $13,804 | $4,185,112 | 283.61% |
| 2 | BBitgetCEX | VSN/USDT | $0.08182 | $16,497 | $14,271 | $693,135 | 46.97% |
| 3 | PPhemexCEX | VSN/USDT | $0.08135 | $1,225 | $1,169 | $433,885 | 29.40% |
| 4 | VSN/USDC | $0.0823 | $19,557 | $19,498 | $95,503 | 6.47% | |
| 5 | VSN/USDC | $0.08229 | $13,052 | $13,013 | $34,756 | 2.36% | |
| 6 | BBingXCEX | VSN/USDT | $0.08221 | $42,350 | $34,625 | $27,441 | 1.86% |
關於Bitpanda
Bitpanda is a licensed Austrian crypto and multi-asset platform that evolved from an exchange into a unified investment gateway spanning stocks, ETFs and crypto, and via Bitpanda Technology Solutions supplies trading, custody and wallet infrastructure to institutions such as Deutsche Bank and N26. It holds MiCA licences in Germany, Malta and Austria and builds Vision Chain on Optimism, extending its compliance framework to its own Layer 2. Its B2B solution exports trading, custody and wallet modules to banks and fintechs so partners can offer crypto and stock services under their own brand, with Bitpanda carrying the underlying compliance.
In August 2026, Austria's FMA fined Bitpanda in the EU's first published MiCA enforcement case. The trade-off is that a full licensing and compliance framework brings institutional trust but also higher operating cost and ongoing disclosure duties, expansion pace is tied to how MiCA is implemented across jurisdictions, and the capital and reporting demands of multiple licences squeeze margins.
Bitpanda的關鍵里程碑包括：2025年調整後營收達3.71億歐元（年增16%），反映持續成長。該公司計劃推出整合股票、ETF與加密貨幣的統一投資平台，標誌其向多資產經紀業務的策略轉型。目標於2026年上半年在法蘭克福上市，估值介於40至50億歐元，並已排除倫敦選項。在獲得英國金融監管局批准後，其B2B基礎設施服務得以拓展英國市場。初步取得VARA許可，使其能在阿聯酋營運。從營收增長、產品多元化，到監管突破與上市野心，這些舉措凸顯其從加密貨幣交易所轉型為受監管的泛歐投資平台。
VSN spent the period focused on tokenomics and compliance upgrades. A May 2026 governance vote halved the annual emission rate from about 5% to 2.5%. On August 24, a MiCAR-compliant white paper v1.1 confirmed that VSN can pay gas on Bitpanda's Vision Chain (an OP Stack-based Layer 2), and that 10% of the chain's net sequencer revenue will automatically buy back VSN into the foundation treasury via smart contracts, with quarterly token burns.
On August 26, the VISION web3 Foundation announced its first-ever buyback: up to €2 million of time-weighted VSN purchases between September 1 and December 31, 2026. VSN was listed on LBank on August 28. The Vision Chain mainnet is slated to launch within 2026.
On January 29, 2026, Bitpanda launched stock and ETF trading covering about 8,000 stocks and 2,500 ETFs; in February it joined the Global Dollar Network to distribute MiCA-compliant USDG in Europe and formed a cooperation with Deutsche Börse Group. On March 25 it launched Vision Chain, an Ethereum Layer 2 on the Optimism OP Stack with euro-stablecoin fees, aimed at institutions issuing and settling tokenized stocks, bonds and funds under MiCA, MiFID II and DORA, alongside a non-custodial wallet, the Vision Protocol liquidity aggregator, a launchpad and the VSN token.
On October 12, Bitpanda Enterprise signed Bulgaria's Fibank as the sole crypto-asset service provider inside its My Fibank app, with a consumer launch planned for early 2027. Its listing has stalled: the Frankfurt IPO targeted for the first half of 2026 at a €4-5 billion valuation remained paused in mid-October with no new timetable, while the company appointed co-founder Christian Trummer as co-CEO and incumbent Lukas Enzersdorfer-Konrad will leave in the first quarter of 2027 for Erste Group. Future strategy and roadmap: grow through B2B2C bank distribution and a compliance-focused Layer 2 rather than depending on the IPO; Vision Chain tokenized asset volumes and the Fibank integration are the near-term markers.
Bitpanda has swapped a retail-broker story for a bank-infrastructure one: Vision Chain, built on the OP Stack, lets N26, Deutsche Börse and Raiffeisen issue and settle tokenised securities inside MiCA, MiFID II and DORA, with fees denominated in euro stablecoins and part of network fees routed to VSN buybacks. That shared settlement layer is aimed squarely at the silos of JPMorgan's Onyx and SocGen's Forge. The price is profitability: adjusted revenue rose 16% to EUR 371 million in 2025 while adjusted EBITDA fell 75% to EUR 13 million as product, international expansion and regulatory plumbing absorbed the gain; the Frankfurt listing is paused at a EUR 4 to 5 billion valuation, and in August Austria's FMA fined the firm EUR 70,000 over MiCA disclosure failures.
Eric Demuth: co-founder and Executive Chairman. BSc in Finance and Logistics from WU Vienna with studies at LSE, he moved from co-CEO to Executive Chairman in October 2025. Lukas Enzersdorfer-Konrad: co-CEO. MSc in Finance and Accounting, WU Vienna. Former head of digitalization and innovation at Raiffeisenlandesbank Niederösterreich-Wien, he joined in 2021, became CEO in August 2025 and moved to co-CEO in September 2026. Christian Trummer: co-founder and co-CEO. Trained in software engineering at TU Wien, he served as CTO and then Chief Scientist before becoming co-CEO in September 2026. Paul Klanschek: co-founder and board member. MSc in Finance and Accounting, WU Vienna. He stepped down as co-CEO in August 2025 to join the board. Barbara Edelmann: CFO. With a business law and economics background at WU Vienna, she spent 16 years at Deloitte Austria, rising to tax partner. All four founders are Austrian, and the management team has completed several rounds of internal role changes.
Bitpanda charges a 0.99% trading fee on stablecoins and bitcoin under its broker model, 1.49% on other crypto assets, and 2.49% on assets with a market capitalisation below EUR 100 million and Spotlight assets.
Bitpanda Fusion applies seven tiers by 30-day volume: 0.25% up to EUR 100,000, 0.21% from EUR 100,000 to 500,000, 0.17% up to EUR 2.5 million, 0.13% up to EUR 10 million, 0.08% up to EUR 50 million, 0.05% up to EUR 250 million and 0.02% above EUR 250 million.
Bitpanda charges 1.99% on each automatic rebalancing trade in its crypto indices.
In 2025 Bitpanda won three Markets in Crypto-Assets service-provider licences — Germany's Federal Financial Supervisory Authority (January), Malta's Financial Services Authority and Austria's Financial Market Authority (April) — plus a Dubai virtual-asset broker-dealer licence.