What is Vision (VSN) and What Does It Offer?

VSN is designed as a unified token for Bitpanda’s Web3 vision. Minted on Ethereum with a fixed initial supply of 4.2 billion tokens, VSN delivers functionality at both application and protocol levels. On the Bitpanda Broker, users paying fees with VSN receive a 20% discount, with the same reduction applying to swap fees in the self-custodial Bitpanda DeFi Wallet. Within the wallet, users can stake VSN to earn emission-based yields, with parameters like emission rates, burn schedules, and protocol upgrades determined by token-holder governance. Staking operates on a non-custodial model with a 14-day cooldown period, encouraging long-term engagement.

Gamified on-chain missions integrated into the wallet reward users with VSN bonuses, and staking positions qualify for airdrops distributed via Bitpanda Spotlight. Planned liquidity mining campaigns will enhance base staking yields with partner-funded incentives. VSN unifies the Bitpanda Broker, DeFi Wallet, upcoming Launchpad, and Vision Chain Layer-2 network, aiming to serve as a gateway for regulated Web3 participation in Europe.

Technology and Ecosystem

VSN operates as an ERC-20 token on Ethereum’s Proof-of-Stake consensus mechanism, supporting cross-chain functionality. It integrates with Bitpanda’s ecosystem through:

• Vision Chain: An Ethereum Layer-2 network optimized for regulated assets like tokenized securities and commodities.
• Vision Protocol: Aggregates decentralized exchanges like 1inch, enabling cross-chain swaps within the Bitpanda DeFi Wallet.
• Cross-Chain Integration: Leverages Chainlink’s CCIP protocol for secure transfers across Ethereum, Arbitrum, and Hyperliquid.

VSN transactions are secured by Ethereum’s gas fees, where users set a gas limit (maximum work required) and gas price (ETH amount per gas unit). Higher gas prices prioritize transactions.

Offering and Conversion Process

VSN is offered to existing BEST and PAN token holders through a migration process. Conversion rates are based on the 30-day average closing prices ending March 25, 2025:

• 1 BEST = 4.91 VSN
• 1 PAN = 0.89 VSN

Each user’s VSN allocation is calculated by multiplying their BEST and PAN balances by these rates. The starting price is determined by dividing the combined fully diluted valuation (FDV) of BEST and PAN by the 4.2 billion VSN token supply. The Euro-equivalent price is displayed on the Bitpanda platform during the offer period. The offer occurs in two phases:

1. First Phase (2025-07-09 to 2025-07-16): BEST and PAN holders have 8 calendar days to opt-in to exchange their tokens for VSN. Approved tokens are pooled in TrustVault and converted via the VSN migration smart contract.
2. Second Phase (Late Migration): Late exchanges are processed in weekly batches directly from Bitpanda’s reserves.

Approximately 2.73 billion VSN (assuming 67% of BEST and 55% of PAN are converted) will enter circulation, with the remaining ~1.47 billion held in the Foundation’s treasury. Post-conversion, BEST and PAN tokens are burned and cease to exist. No fees are charged during the offer, and investors can exercise a withdrawal right within the 8-day period via electronic means (email, customer support), retaining their BEST/PAN balances if they opt out.

Trading and Access

At the end of the first offer phase, VSN aims to be listed for trading on Kraken, followed by other reputable centralized and decentralized exchanges. Access to exchanges requires account registration and KYC/AML verification. Transaction, withdrawal, and other fees are set by exchanges, not controlled by Bitpanda. VSN can be stored in ERC-20-compatible wallets and freely traded on secondary markets.

Governance and Usage

VSN holders can stake tokens via the VSN decentralized application (DApp) and participate in governance votes through snapshot.org, shaping parameters like burn rates and incentive distributions. Rights and obligations can only be modified through successful governance proposals. VSN does not confer claims to dividends, interest, or corporate voting rights against the Foundation or its affiliates, offering only staking and governance functionalities.

Sustainability

VSN operates on Ethereum’s Proof-of-Stake consensus, with low energy consumption (10,348 kWh annually). ESG data is transparently shared via Bitpanda’s third-party providers. Ethereum’s energy-efficient structure mitigates environmental concerns, though some investors may view crypto assets negatively from an ESG perspective.

Mitigation Measures

• Rigorous Selection: The Foundation applies strict standards for third-party providers.
• Liquidity Management: Buybacks and promotions reduce volatility.
• Security: Continuous threat monitoring and bug bounty programs minimize risks.
• Governance: On-chain voting enables adaptation to market conditions.

Vision (VSN) bridges regulated finance and decentralized ecosystems, leveraging Bitpanda’s regulatory expertise and user base to drive Web3 adoption. With staking, governance, and fee discounts, it aims to be a gateway to decentralized finance in Europe. Its success depends on balancing compliance with DeFi innovation.

Vision (VSN) Tokenomics and Governance

VSN’s fixed 4.2 billion token supply is managed by the Vision Web3 Foundation. Key mechanisms include:

• Burns: A portion of trading, swap, and Launchpad listing fees funds token buybacks and burns.
• Staking: Non-custodial staking with a 14-day cooldown encourages long-term participation, targeting a 5% annual emission rate (potentially decreasing over time).
• Governance: Quarterly on-chain votes determine emission rates, burns, and protocol upgrades.

The Foundation retains a portion of tokens for liquidity provisioning, staking rewards, promotional activities, and ecosystem grants. Token supply can be dynamically adjusted via governance, with unlimited minting controlled to balance reward distribution and prevent excessive dilution.

• Total Supply: 4.2 billion VSN
• Public Sale: 0.66% (27.55 million)
• Circulating Supply: 65%
• Treasury: 20%
• Commercial Activities and Ecosystem Grants: 10%
• Liquidity Provisioning: 5%
• Fully Diluted Valuation (FDV): $462 million USD

Vision (VSN) Partnerships

Vision (VSN), as a token powering the Web3 ecosystem, has established strategic partnerships with leading exchanges and organizations. It is listed on major centralized exchanges like KuCoin, Gate.io, MEXC, and Kraken, ensuring global accessibility. Additionally, collaborations with globally recognized sports clubs like AC Milan and Paris Saint-Germain connect sports enthusiasts with Web3. Partners such as Impossible Finance, IMC, Selini, Auros, and Da Vinci support Vision’s innovative projects, liquidity provisioning, and tokenized asset infrastructure, contributing to the ecosystem’s growth.

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What Is Vision (VSN)? appeared first on Coin Engineer.

Direct Crypto Access Through AED Accounts

With this integration, RAKBANK customers can now trade eight major digital assets, including Bitcoin and Ethereum, using their existing AED accounts. There’s no need for external platforms or complex transfers. The transactions are processed through Bitpanda Broker MENA DMCC — a licensed entity operating out of Dubai — ensuring regulatory compliance and operational transparency.

UAE’s Digital Ambitions Gain Momentum

This move is aligned with the UAE’s broader vision of becoming a global fintech hub. By embracing Bitpanda’s robust trading infrastructure, RAKBANK steps beyond traditional banking to offer clients exposure to the world of crypto investing — with a particular emphasis on competitive trading fees that appeal to retail users.

Strategic Collaboration Over In-House Development

Rather than building its own solution, RAKBANK chose to leverage Bitpanda’s proven systems — a decision that not only reduces deployment time but also cuts operational costs. This plug-and-play approach reflects the UAE’s regulatory sandbox environment, which encourages innovation while maintaining strong oversight.

A Trailblazer in the MENA Region

RAKBANK’s initiative could give it a crucial first-mover advantage across the Middle East and North Africa (MENA). Supported by regulatory bodies like Dubai’s Virtual Assets Regulatory Authority (VARA), this move may inspire other regional banks to accelerate their entry into altcoin and blockchain-based financial services.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post UAE Enters a New Era in Crypto Services with RAKBANK appeared first on Coin Engineer.

Bitpanda Sets a New Standard for Crypto Investment in the UK with FCA Approval

Crypto platform Bitpanda has passed a major regulatory milestone by securing approval from the Financial Conduct Authority (FCA) to operate in the United Kingdom. With this approval, Bitpanda not only enters the UK market but also strengthens its leadership across Europe, setting a new standard for secure, compliant, and user-friendly crypto investment.

The FCA approval further underscores Bitpanda‘s commitment to security and regulatory compliance within the crypto sector.

Bitpanda’s Crypto Products and Investment Opportunities in the UK

Following the FCA approval, the company plans to offer UK investors a broad range of crypto products. These include access to over 500 cryptocurrencies, staking rewards on digital assets, Bitpanda Savings Plans allowing users to automate asset purchases on a weekly, bi-weekly, or monthly basis, and Bitpanda Crypto Indices to diversify investment portfolios.

Bitpanda aims to provide all these services on a single secure platform, ensuring that users can easily and safely invest in crypto. The company is not only catering to individual investors but also offering solutions for banks and financial institutions. Through Bitpanda Technology Solutions (BTS), major banks and fintechs in the UK will be able to offer crypto trading, investment, and custody services under full regulatory oversight.

This shows that Bitpanda’s crypto infrastructure in the UK offers significant opportunities not just for investors but also for financial institutions.

Rapid Growth and Future Goals

Bitpanda’s growth rate is impressive. From 1 million users in 2019 to an expected 6 million by the end of 2024, the platform’s commitment to innovation and user trust is evident. With the MiCAR license, Bitpanda is poised for even faster expansion across Europe, leveraging the advantages of the license to further enhance its services in 2025. The company plans to reopen its UK office and develop products tailored to local investors.

Bitpanda envisions a future of digital assets built on trust, compliance, and a user-friendly experience, aiming to become a secure and regulated investment platform for all investors. These steps will solidify its position as a leader in the sector and help it reach a broader audience.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitpanda Receives FCA Approval for Expansion in the UK appeared first on Coin Engineer.

Austrian fintech unicorn Bitpanda has become the latest cryptocurrency company to secure a license under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.

Bitpanda announced that it has secured a MiCA license from Germany’s Federal Financial Supervisory Authority (BaFin). The license, which is effective immediately, allows the platform to operate across all EU member states under a unified regulatory regime.

Bitpanda is the second crypto asset service provider (CASP) to receive the MiCA license from BaFin since the regulation came into full effect on December 30, 2024. Bitpanda co-founder and CEO Eric Demuth highlighted that the enforcement of MiCA will determine the effectiveness of the regulatory framework now that it is fully in force.

“The real question is whether the EU will have both the resources and the determination to take action against those who disregard the regulation,” Demuth said, referring to foreign CASPs continuing to operate “as if it’s the Wild West.” He added:

“Without consistent and robust enforcement, this legislative milestone risks being ineffective and puts those who genuinely try to comply with European regulation in a significantly worse competitive position.”

Bitpanda CEO: Europe Should Look to the US for Inspiration

MiCA could have a positive impact on crypto adoption in the EU and beyond, but it is still important for European lawmakers to catch up with regulatory developments in other regions, especially in the United States, Demuth said.

“The speed and determination with which the US is positioning itself as the global crypto hub are setting new benchmarks,” he said, adding that it may become increasingly difficult for the EU to maintain its competitive advantage in the sector.

“Regulation is never a factor that accelerates growth,” Demuth said, continuing:

“The US sets an example by recognizing that the internet has no national borders and by treating any company with American customers as subject to their regulatory and enforcement measures. The EU should be confident to do the same.”

Bitpanda is the second CASP to secure BaFin’s MiCA license, after Boerse Stuttgart Digital Custody, which received the license on January 17. Boerse Stuttgart Digital Custody is a subsidiary of Boerse Stuttgart Group, one of the largest exchange groups in Europe.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Austrian Crypto Unicorn Bitpanda Secures MiCA License in Germany! appeared first on Coin Engineer.

According to a statement released on Monday, LBBW and Bitpanda will commence providing crypto custody solutions to institutional and corporate clients from the second half of 2024.

Jürgen Harengel, the managing director of corporate banking at LBBW, stated, “The demand from our corporate customers for digital assets is increasing.”

German financial institutions and asset managers are increasingly engaging in crypto assets, offering custodial services and developing their own products to cater to this growing market segment. Deutsche Bank is actively developing its digital asset custody service, while its DWS unit is involved in a consortium working on a euro-denominated stablecoin.

LBBW, whose stakeholders include various savings banks, the state of Baden-Wuerttemberg, and the city of Stuttgart, boasts approximately €333 billion ($355 billion) in assets.

The post German Bank LBBW Partners with Bitpanda to Offer Crypto Services appeared first on Coin Engineer.

You might like: HashKey Exchange Continues Altcoin Listings!

Curt Chadha said, “We are starting here because a quarter of the Austrian population lives in Vienna”. “Customers will be able to integrate the transaction confirmation to Bitpanda through the Raiffeisen application, with a familiar experience similar to the security of a bank transfer they are accustomed to.”

This step by the bank is noteworthy given that it has $215 billion in assets. Also, 17.8 billion customers across the European Union and Eastern Europe. Chadha emphasized while other banks generally focus on high-net-worth individuals, Raiffeisen‘s service is aimed at customers who have digital knowledge. This move is seen as an important step taken during a period when the rules are being clarified in regions where the adoption of cryptocurrency is increasing.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Raiffeisen Bank Announces Crypto Trading for Customers! appeared first on Coin Engineer.