Bitpanda adds support for IOTA and Komodo (KMD)

European bitcoin and cryptocurrency exchange Bitpanda today announced the listing of IOTA and Komodo (KMD) tokens. After the successful launch of Bitpanda 2.0, the team is not only launching Komodo and IOTA but say they are ready to speed things up further and offer its users new cryptocurrencies on a regular basis.

The integration of IOTA has been a popular demand within the Bitpanda community, so the team is happy to be able to offer a trade only (buy and sell) option for IOTA starting on the 14th of June 2018.

The Bitpanda integration team and the IOTA Foundation are working closely together in order to get a fully functional IOTA wallet, including a withdrawal and send function, running on Bitpanda soon.

The addition of Komodo (KMD) has already been teased during the Pantos ICO, as Komodo is one of Bitpanda’s project partners and will be one of the supported platforms for the Pantos meta token PAN, which will allow instant and frictionless cross chain transfers between differently supported blockchains. KMD will be trade only (buy and sell) at first as well, with a fully fledged wallet following soon. This also brings a fiat gateway to Komodo tokens.

On its plan for adding new cryptocurrencies the Bitpanda team said:

“We were pleased with how the integration process for Ripple worked, so we are now applying it to Komodo and IOTA as well. The procedure will also stay the same for additional cryptocurrencies coming in the next weeks and months: First, we offer a trade only wallet, with which our users can buy and sell. A bit later a fully functional wallet will be available.”

“The time needed can vary for each coin between a few days or weeks, depending on the final testing to ensure security and functionality. This plan allows us to add new cryptocurrencies fast while offering the same flexibility and features as you already know from our existing ones later. Including unlimited wallets, free and instant sending to other Bitpanda users and of course withdrawal options.”

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Author: CryptoNinjas”