Austrian Bitcoin exchange Bitpanda expands to Poland
Austrian crypto trading platform Bitpanda announced plans to establish a new technology hub in Poland. The background is a company expansion by creating 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. Already, the Austrian Bitcoin exchange counts 1.5 million users who can trade Bitcoin and Ethereum as well as gold and other precious metals on the platform.
The choice of location was less about a specific country and more about a suitable city, explained Eric Demuth, CEO of the company:
„The key was not specific cost or tax preferences, but access to skilled employees, universities and the ability to create a technological ecosystem.“
Skills are at the forefront at Bitpanda
Another advantage of the Krakow location, he said, is its relative proximity to Bitpanda’s headquarters in Vienna. There are currently 280 employees there from 44 different countries. This number is now soon to be more than doubled. The company plans to hire about 300 more IT engineers and programmers in 2021. For many Polish employees, this move by the company could represent an opportunity. Demuth also expressed confidence in hiring qualified professionals from the region. However, he also emphasized that potential employees are not judged by their origin, but by their competencies:
„We live in a time when the trend toward remote work is becoming more popular, but we believe that the company, supported by the experience of many people we talk to, works better when people can interact, talk, create their own work culture and have a beer.“
A cohesive organizational culture is highly important for fast-growing companies, he further explained. The company has already launched Polish language versions on its website. According to Bitcoin Future, the investment in the center is only the first step of many. Just recently, the company received $52 million from a Series A funding round. Meanwhile, the new Center for Technology and Innovation team will be led by Christian Trummer, Bitpanda’s chief technology officer.
„Our goal is to remove barriers to individual investment, educate users, and become the investment platform of choice,“
comments the Bitpanda CTO on the expansion project.