Bitpanda expands to Poland

The Austrian crypto trading platform Bitpanda announced that it is building a new technology hub in Poland. The background is an expansion of the company through the creation of new jobs.

On December 16, Bitpanda announced in a tweet that it would invest at least ten million euros in the new center for technology and innovation in Krakow. The Austrian Bitcoin exchange already has 1.5 million users who can trade Bitcoin and Ethereum as well as gold and other precious metals on the platform.

When choosing the location, it was less about a specific country than about a suitable city, explained Eric Demuth, CEO of the company:

“The key was not specific cost or tax preferences, but access to qualified employees, universities and the opportunity to create a technological ecosystem.

Competence is in the foreground

Another advantage of the Krakow location is the relative proximity to Bitpanda’s headquarters in Vienna. 280 employees from 44 different countries are currently employed there. This number will soon be more than doubled. The company plans to hire approximately 300 more IT engineers and programmers in 2021. For many Polish workers, this move by the company could be an opportunity. Demuth is also confident of employing qualified specialists from the region. However, he also emphasized that potential employees are judged not by their origin but by their skills:

“We live in a time when the trend towards remote working is growing in popularity, but we believe that, supported by the experiences of many people we speak to, the company works better when people are in contact, speak, create their own work culture and have a beer.

A coherent organizational culture is very important for fast-growing companies, he said. The company has already launched versions in Polish on its website. According to Bitpanda, investing in the center is just the first step of many. The company recently received $ 52 million from a Series A financing round. The new team at the Center for Technology and Innovation will be led by Christian Trummer, Bitpanda’s Chief Technology Officer.

“Our goal is to remove barriers to individual investments, educate users and become the investment platform of choice,

Bitpanda CTO comments on the expansion project.

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