. Well, folks, i hope you are having a fantastic day wherever you are, and in today's video we have some extremely exciting news as i'm checking the ticket price right now not only is bitcoin over 13 000 but it's, due in response to to the recent news that Paypal has announced it's going to allow its over 300 million users to gain access to purchasing bitcoin, ethereum, litecoin and bitcoin cash. This is really incredible news in the sense of crypto as a digital asset, but i want to take the time to talk today about what this announcement is and what it isn't. There are a lot of misconceptions as to what paypal is offering here and how quick it's going to be rolled out. So we're going to be talking about that, and we also have a few other announcements as well as a sponsored interview towards the end of the video with panda, so stay tuned. You won't want to miss any of it all right guys, so let's go ahead and dive straight into just taking a look across the board on the market we can see. Bitcoin is not only up 6.34 as well as ethereum up 7.7, but the vast majority of digital assets are up in the green here right now, due to the response of the news and bear in mind, i just want to go ahead and make a point here That this is not only bullish for bitcoin, as well as the other currencies that paypal is going to be offering exposure to, but, along with that, this is generally going to be a reason for cryptocurrencies to be higher.
Have a higher valuation as there's going to be more inflows to the market than they were before, as more people can have a buying opportunity than ever before, and this is going to, of course, bring a higher price to bitcoin, with a higher price of bitcoin. More liquidity to the broader crypto space, allowing for all coins to receive some of the benefit as well, so let's just go ahead and talk about this guys, paypal venmo to allow bitcoin, uh, buying and selling on their platforms. This is the kind of general headline here, but the important thing to note here is that there's, a few other pieces to the puzzle here and i've really decided uh from looking across the board that the reuters source article is probably the best to go off of Here is we have actual quotations from paypal. We have the actual press release here that actually discusses what's happening here with paypal. It is really summarized through a few key paragraphs here, so let's go ahead and talk about what paypal has confirmed, they're going to be offering they're going to offer the ability for u.s account holders to buy, sell and hold cryptocurrencies and their paypal wallets over the coming Weeks and they also plan to expand this feature and functionality to venmo. Obviously, as many of you might know, it's a very common peer to peer, not so much peer to peer, i guess, but a basically a cash sending app a digital cash app where you can relay money from your bank account to another friend's bank account generally speaking And this is going to be available in the first half of 2021, so this is all relatively close.
I mean really, i know it's a couple could be a couple months away before it gets into venmo, but putting that aside i mean this is in the short term, going to be one of the most major steps for a digital asset exposure to the space, and I actually tweeted out on my twit uh, my twitter, about how, like it's, it's time for paypal to step up after square had not only acquired 50 million dollars in bitcoin, but also through the cash app had allowed for bitcoin purchases. For some time – and i got ta say the more competition, the better, i love more exposure to cryptocurrencies as an asset. This is really good news, as we've seen again other major companies like square and robin hood offer on ramps into crypto now again taking into the size and scale here. The really positive side of this news is that paypal services over 346 million active accounts across the globe, many of which are in the united states and they processed over 222 billion dollars in the second quarter of 2020.. So these are very important metrics. To keep in mind, i mean this is beyond anything we've seen in the world of players like coinbase and plays like finance. I mean this is a massive massive uh. You know basically platform for people to do in process payments and, along with this as well, i think that what's important to note here is also what the announcement isn't right.
So this is going to be really good to be able to maybe drive up. Bitcoin'S price grow it as an asset, have more people involved and aware of digital assets and getting some exposure and also it's, going to maybe add some more functionality to paypal as a platform. But along with this as well, it's important to note that, as you are going to be able to pay with your bitcoin, so i'll be able to uh. Maybe, for example, pay a merchant who accepts paypal or buy something through an e commerce website, with bitcoin it's important to note that they are not going to be receiving bitcoin. On the other end, just like major companies like bitpay, there is going to be a liquidation event where, if i'm, paying with bitcoin let's say i buy you know 100 or 200 worth of stuff with bitcoin. That is going to cause a sell side event. They are going to liquidate that bitcoin and it is going to be converted into fiat currencies which will actually be transmitted just like normal dollars on traditional payment rails. So this is the thing that i want to kind of. You know point out to people this isn't a good thing for uh, bitcoin's price or bitcoin as an asset when you use ramps like paypal to pay with bitcoin or pay with litecoin or ethereum whatever you want to pay with or even bitcoin cash right, which is Meant to be used as cash um in this case, you're really not actually helping the underlying asset.
This has been the case for bitpay and many other providers out there. So i just want to kind of make that clear. If you decide to ever use paypal – or you want to understand – really what's going on there, but outside of that there's – a lot of great news in this case in the sense for price, about people being able to purchase it. So this really is kind of a more of a one sided event. This is a very positive upswing event for bitcoin. We can see here as the prices dropped a little bit. Sadly, was it 13k just a couple moments ago, as you can see here, price has been responding very solidly and we've not only had a great week here up 12.75 at the current moment, but if we dive into the daily chart here, we can see that this Is a continuation off of yesterday when the news broke, we can see here, take a look at the hourly chart. The price just continued to soar. Volume has been great, we've, been setting in higher significant highs and higher significant lows. The momentum is here and again, as we talked about the major thing we were watching for was to get above this level here this previous relative high here, and it looks like we got it. The ascending triangle here between the line of resistance that had been definitely held here on a weekly sense, all the way back again, since back here in january 2018, it looks very clearly like we are going to have our first weekly close at this price range.
Around 13 000, since all the way back here in january of 2018.. Now, why is this so significant guys? I mean i mean many of you can probably guess right off the bat being able to get past a historical resistance for more than the last two and a half years is absolutely incredible. Almost coming up on three years, when we get to january of 2021 that's going to be a three year period, right so more than two and a half years here where we haven't been able to get above this price range and hold it, and this is very, Very significant: it is the highest relative high since again back here in 2017, right when we're talking about relative highs on the price and if you just take off all the drawings here right, we already have our general kind of line here. Our conservative estimate that it could take towards back here and q1 and the late q1 of 2021 to get back to 20k just go ahead and turn off the drawings here and look at the chart here guys i mean we can even take it to the logarithmic Chart here this is looking absolutely fantastic, we're right on piece for where we should be for this cycle, and it looks very clear here again just keeping in mind here to go to the standard chart to make it a bit more clear when we were at this Price range last and we had a weekly close.
We made it to 20k in just a couple of weeks now, of course, we don't have that kind of momentum, we're not at the peak of a crypto cycle, we're in the emergence of a new cycle. So again, i don't expect things to happen that quick, but there isn't any point of resistance here on the chart once we clear through this once we clear through 12k and have a weekly close up here at 13k sky's the limit folks and that's when we're kicking Off the next cycle, so this is a very, very exciting time for cryptocurrencies and it's, not just showing in bitcoin it's, showing in other cryptocurrencies ethereum recovering a lot of the downward turn that it had. Yesterday, after bitcoin gained a lot of market dominance, and we want to take a look if we want to take a look at the usd chart, for example – i'll go ahead and just pull it up here. I can't find it on my sidebar. We can see here taking a look at binance that we've cussed back up in price we've had higher relative lows: higher relative highs, we're now back above four hundred dollars for ethereum, just a few uh. You know dozen dollars away from the relative peak we set back here in august and so it's really actually september 1st. Here, in this case, for ethereum, we can take a look as well as litecoin, right, litecoin, again benefiting from the news as well, but starting to recover a lot of days of downward price.
Moving against bitcoin soaring up here to 425 000 satoshi's. We can take a look at litecoin usdt here on binance, again soaring back up here from 46 all the way up to 55 we're, covering a lot of the losses back here from september. We are getting out of this correction and it's coming quick guys. This is why i've constantly hit on this point about not trying to trade, the ins and outs of this market. We want to trade the broader cycles here, as news like this, can come out of nowhere and it can really shift the narrative just about a week or two ago. No one was really getting excited about crypto markets, but now everything is really hitting home. We'Re really excited to see where things are going and i can't wait to see what happens here over the next few weeks and months as we go towards back towards 20k and eventually break out above those highs and start chartering towards new highs for bitcoin, historical highs And again, the days of profitability, if you're, looking at the data science model on look into bitcoin, the days of profitability for bitcoin are probably up around like 98 point something percent or 99. Now at this point so again, bitcoin working as a store of value. Doing a pretty good job anyways, i digress here guys. I want to go ahead and talk about a few other things here, as we go throughout the video one thing i wanted to start doing here on the channel i'm planning to at least do this once a week or maybe even you know, on every other, video Or every video i don't know i got inspired by my good friend, teo from arcane bear to just start giving away money on kiva and what's.
Really great is there's. This new team feature that's been around kiva and many don't know: it's a micro financing platform, they're they're, not sponsoring the video, but in regards i've just loved the platform for a long time, tio's. Also a big fan. We banter back and forth about kiva as a platform, but long story short. I want to start doing some donations here on the channel where we actually go and support different people across the globe, and these are individuals who are basically getting microfinancing, usually coming from backgrounds. Where they can't get access to standard credit from banks or the loans in these regions are coming in at predatory rates. So kiva actually lends out capital at no interest to people across the globe and you actually get to choose the people who want to lend to. And i basically have a long list here – people where i'm going to be donating 25 to a wide variety of variety. Of different people so i'm going to go ahead here and actually process the loan to kiva loaning out 500, and i also opt in to pay the full kiva fee to cover the fees for transactions. Help the team as well to make these payments happen. I'M. Going to go ahead and click check out and in just a couple seconds here, it should go ahead and process the loan awesome there we go so we just lent out to 19 different borrowers across the world at zero percent interest and what's really cool is you? Can kind of talk about why you pick the individual cases i like to support a variety of different causes: i'm, very passionate about you – know like agricultural development and a lot of countries along that as well like women, owned businesses, all types of different things and the Great thing about kiva, as you choose to lend out, you can choose different geographical regions.
You can choose different types of topics or categories, and i really just love this about kiva it's, something that's, open and fun for everyone to join in on. But the really great thing about about overall is that we have this ability to create teams and we actually just created a digifox team here on ekiva. So if you want, you can join over towards our new discord in this case and become a member not only of our discord where you can. You know socialize with a lot of different people who have joined as a recent, but along with that, you can join our kiva channel where you can actually register an account and join on the team, and i want you guys to join me in this effort. We want to help a lot of people across the globe and whatever they're doing whatever businesses they're trying to create, and the great thing is in many cases you get your principal back right when you're lending out to these people, you'll get your principal back and you Can keep spreading the love you can keep giving money to people so i'm planning every week to hopefully contribute about like 500. More so we're gon na be stacking up more and more letting out more and more to people across the globe, and i hope you guys will join me in this effort. I think it's a really great platform and thanks to tio from arcane, bear for giving me a really nice idea just to contribute, and i hope that you know teo and many other content creators will all come together and we'll be able to help support the community.
I just kind of fell in love with the idea when we talked about it so anyways and last but not least, i want to go ahead and give a real, quick shout out to a podcaster recently went on known as crypto news weekly, hosted by two of My good friends walter as well as christo, and we talked about a lot of really interesting things. We talked about the 50 million dollar square purchase of bitcoin. We talked about the issues with ok x and a variety of other topics trending within the cryptocurrency space, as well as some general kind of thoughts on the market as it's evolving over time. So i really recommend you guys go check that out. I'Ll have a link down below in the description you can listen to it on desktop. You can listen to it on itunes. You can listen to it through a variety of different formats, but i highly recommend it. It was a great conversation, two great guys in the crypto space who i've gotten to know for a very long period of time and we're. The 101st episode here so pretty exciting stuff anyways guys go check. It out really recommend it and now let's go ahead and dive into the sponsored interview with bitpanda alrighty everyone. So we have the privilege of sitting down during the sponsored interview with lucas, who is the ceo or chief operating officer over at bitpanda, one of the largest exchanges for the cryptocurrency space out of europe.
Lucas i'm really happy to have you here. I think we've got a lot of interesting things to talk about. As many people probably know you guys have been a partner of the channel for a very long time, so i'm interested to just kind of do a deep dive conversation with you. So thank you for making the time all right, it's great to be here. Thank you nicholas for having me absolutely lucas, so i want to go ahead and just kind of start off. I think by now a decent amount of people might know from the description i gave, or maybe they've seen another channel. But overall you know what is bitpanda and what is kind of the overall goal of bitpanda as a company to try to kind of bridge the world into the space of cryptocurrencies. Yes for sure can like uh to give you a short introduction bit. Panda is an investment platform located in vienna, austria and europe was founded 2014 by the three founders, eric demuth uh, paul klemczak and christian truma, and we are nowadays the leading and not just cryptocurrency, in based on platform for retail users in europe. But we also launched in 2019 a more professional product called bitbunner pro it's, an exchange where we focus on b2b customers who are aiming for regulated services in the cryptocurrency area in europe, as well as professional traders and api traders overall, and i really have to admit Uh, just to add that that we are quite successful, we have more than 1.
3 million customers all over europe, so for european uh, yeah it's, quite nice, that's incredible man. I mean from the size of your guys team and everything i think you've been able to achieve a lot. You know just getting to follow a bit panda over the last few years, since i first heard about you guys in early 2018 it's been phenomenal to see the growth, and i think europe is like a right market with all that's, going on with negative interest rates And the central monetary policy – and i think, we're, going to be in the same boat here in the u.s, but it's really shaping up this awesome market for exchanges like the panda so i'm, very proud of you guys in your growth, so you'd hit on one point. There that i think some people might not know the difference of even if they've heard about the bit panda name and maybe haven't tested out the exchange. There'S there's the core bit panda platform, which alone offers a lot of great features. You can get access to a lot of major cryptocurrencies uh. You can also as well for my knowledge, binded different commodity pairs, but i'm really curious to hear a little bit more about bitpanda pro and talk about what are some of the benefits of it. That might provide maybe more cutting a more cutting edge experience for kind of more uh. You know kind of professional traders in that case, yes, for sure can like uh just to really separate the two products and you land it out the investment platform for retail users.
That'S the bit on the platform. We started that a couple of years ago, and this really brought us first uh the success in the first place, but the pro – and this is why we launched in 2019. We have seen that especially european um regulated space, that financial server in the financial service industry, the banks and institutions, but also other cryptocurrency companies like brokerage companies, otc trading companies, um and atm crypto atm providers, for example, in all over europe. They have one main issue: they need a regulated and compliant exchange in the european market to really uh yeah, buy their crypto from or also sell it there and trade it um, and this was the main reason why we invented bitcoin a pro a fully fledged spot Exchange? Where you have the main european field currencies so currently, euro, swiss francs um also gbp coming quite soon um to the main cryptocurrency markets uh. Why? Because we believe that exactly uh these b2b businesses, uh, focusing on cryptocurrencies more and more in these times and also on the other side, other professional traders all over europe need a really good, compliant regulated place where to yeah on board and trade awesome in that case. So just my understanding, lucas is you guys, are kind of serving as the back in infrastructure for a lot of major otc desks, a lot of major funds who might be looking to get exposure to crypto and you're, providing a platform that really reaches deep liquidity within European markets against major fiat pairs, such as euros or maybe local currencies uh.
Maybe, for example. I know that if i correct me, if i'm wrong lucas, i think there's, some like native currencies, maybe like the swiss franc or like the polish currency, supported the panda as well. Yes, swiss francs gbp um is coming quite soon and also other european currencies are step by step edit, because i said we believe that the real benefit is that you, as a local, crypto, uh broker, crypto company or also professional trader, can easily deposit your european currency, Which are a few, i would say, despite the euro, also and traded against the major fiat pairs, and this with really really deep liquidity on just one place: yeah, we are building the backbone infrastructure uh for crypto in europe. I would say good stuff man, and you know to talk about you know being the backbone in that case uh for this overall ecosystem in europe. What are some of the core features that you guys have because i know it's not just a matter of providing a great training experience. The user experience is pristine. I did a platform review a while back on the channel that i think a lot of people really enjoyed. So in this case you know to understand the platform a bit deeper. What are some of the kind of selling points about panda over maybe other trading platforms on the market? Yes, for sure, so, from a functionality perspective, we have to differentiate between front end and api trading.
I would say: frontend is a really easy to use interface um, which can be used by either other otc trading desk or also professional companies who buy crypto for their users. Just with a really nice interface, where you can easily deposit field money, we've got that also deposit we've got crypto, but also like credit cards with larger uh limits are definitely possible on the other side. Is api trading kind of like most of the use cases on our exchange? Why? Because banks, for example, are hedge funds, but especially also elder traders. They directly connect through apis, and then we have really really low latency trading, with a very, very um real time. Matching engine running on our infrastructure, and these – and this, i would say, is the most important topic, combined with our regulatory and compliant framework in europe, that we are fully regulated by the local financial market authority. As well as the european uh authorities. And this is the combination which gives you not just security, but also regulatory compliance in europe, if you as a company or as a professional trader, want to trade crypto because that's nowadays is not always that easy, i would say yeah that's, true it to get all Those licenses is is a pretty like tough procedure, and i think it proves again to the the credibility of you guys as a platform you guys have been around for a very long time and this kind of short term industry of cryptocurrencies.
I think you've been one of the more reputable names in europe, which is why we love working with you guys and one thing as well, that you know you were mentioning. There was basically the ability to have an api tied to your account and just to kind of explain this for those who might be. You know like myself, who usually do kind of front end trading, so i would usually be interacting with buying and selling orders by myself for those who are into doing algorithmic trading strategies, uh working with other applications or tools that allow you to do kind of. If this, then that scenarios, where you go out and buy, maybe a certain position or sell your position, you'd be able to do so with bitpanda through a variety of applications, just plugging in your exchange api key, which is really cool. It lets you automate the whole process in that case, if you've got a strategy, you want to follow um. One thing i wanted to ask you about lucas, because i know that it's pretty common in a lot of cryptocurrency platforms to have a native token. I know that in this case, you guys have a best token in this case for the ecosystem so i'm curious. What is the token entail? What does it really offer to users, and why, in this case, is their token, does it add a lot of benefit to the end user if they were to use it in the platform, maybe to pay fees etc? Yes, for sure so.
Thank you very much for asking that. I think the main topic here is the following. We were very or a very long time say: okay, we do not want to issue any token, because either it was first the ico times, and so so afterwards, it just simply did not make any time sense for us. Nevertheless, uh in 2019, as part of our bit on a pro launch from an exchange perspective, we said. Okay, we want to launch a customer loyalty program, because this is what also other companies only want on the retail area, but also the business perspective, where it really makes sense to give users something back and this in the crypto space. Why not really do that? Also through our own token – and this is our bit bundle ecosystem token short best um and the main use case is that you get really really reduced fees on the one side. So this is exactly where you save money quite simply spoken. The other topic that we have a bunch of rewards where you as a user, can participate in so, for example, um. Besides just saving money. There is a certain reward program where you get more and more tokens if you hold them from a longer time period, um. So it's a there was an incentive structure for you as a customer, but overall it's a customer loyalty program. Nice yeah, i think that's. What we've seen with like a lot of these platforms is like trying to offer the best opportunity.
With your token, as a loyalty rewards program to support the company early on, in that case and being able to reap the benefits on the platform through lower fees and more functionality on the platform, so i'm happy to see that panda doing that, i think it's. Actually, a great model it's been time tested and one other thing i want to talk to you about. Is you kind of brought up there about fees and you know kind of taking we could maybe even dive into best and how that would actually reduce the fees? Even lower but lucas, if you have the numbers off the top of your head, what is it like to pay fees on bit? Pandas a platform versus may maybe against other competitors in the european market are bitpanda. Pretty competitive is bit panda as a platform relatively competitive to other european exchanges. Yes, definitely so we'll shortly elaborate on that um from a free perspective, we are quite competitive, so we are lowered, so you pay less fees than for example, on other main exchanges like kraken uh, where you also have your dbc markets, for example, so it's definitely cheaper. Nevertheless, the fees are not the differentiator for us for us it's, really about the regulatory compliant framework and focusing on some main markets which are uh packed to the main field currency pairs. So this is, from our perspective, the main usb so fees. Yes, we try to keep them as low as possible, even lower with the usage of our own token, but this is as we've seen also from our existing customers uh customer base.
Not the main reason to come to us is that it's much more from hey. You look for a good exchange, which is especially in the european space offer the currencies you want to have and the framework from a regular regulatory perspective there. In the end, this is exactly uh what we can offer, but on the other side, it's quite interesting, i would say for our retail users and you uh said and talk before a little bit about api trading. Is that even if you're, not as keen um as an api trader, we offer some cooperation and partnerships with the leading api trading platforms um and there we have a couple of directly on our platform so and also them integrated, and you can also benefit as a User again, if you own the token um that you can get them much cheaper, for example, you know lucas. I think you hit on one good point, not only obviously the api partnerships in that case, where there's a lot of great tools you can utilize from within bitpanda, but along with that as well. You know this point about, you know constantly focusing on fees and the problem with that is that you know. Obviously we do want to get the lowest fee possible. I think in this case, but at the same time you don't want to sacrifice performance and consistency as well as legal compliance. If you can get those three things in a relatively low fee, it's – usually better to go for that than the absolute lowest fee on the market, because there might not be security.
There may not be a proper trading systems on the back end of those companies. I'Ve always kind of drilled that to people, and i think i've actually seen that a lot with my own startup there's been a lot of people. Who'D rather have the consistency rather than uh paying. You know, maybe the cheapest fee possible. So i, like that point, you brought up, i think, it's, a very good strategic focus in that case and there's a reason why there's a little bit out of cost, sometimes because of those extra additional features. Now you know speaking of that loose, i think you guys have made a lot of progress. I mean to see that panda be growing as much as it has over these last three years since 2018, since i first saw it. I think i just want to say hats off to you guys. I think the team has been expanding. Well, the product's been growing, the volume has been growing. I wanted to ask you personally, you know like, as the ceo in this case, do you have uh any like major goals as a company that you aim to achieve as we're almost stepping in here in the couple next couple of months into a new year into 2021, so is there any big goals that you guys have at bitpanda yeah? Definitely from an outlook perspective, i think our first goal – and this is quite overarching – is we want to enable everyone, especially in europe, to be able to access cryptocurrencies.
This is on the retail side through lowering the barriers for investing so that you can really easily deposit your euro and start investing into crypto and also participate in that. So this is a retail space, but – and this is also what we elaborated before and a little bit more on – we want to enable the european financial service industry, as well as other companies who operate in the cryptocurrency space, to be uh to not rely on on Any other outside exchanges from a security perspective, but have one place in europe domiciled where you can easily and fully regulate. It also get your crypto, and this is the most important topic for us to be exactly that player with also a longer history and a quite secure and compliant background from our perspective. So if we think concretely about 21 uh, i think our main aim is to even grow more to expand to even more countries and for bit by the pro to add even more field currencies from all over europe to our exchange. That'S, amazing man. I just want to say again, i think it's gon na be really exciting to see where you all go into the next year and speaking as you kind of hinted there about new kind of fiat currency pairs. One thing i'm, really interested about in regards to the topic of trading pairs. Lucas is the ability, as i know you all – support commodities such as gold and silver, and i think palladium as well i'm really curious to see.
Is there ever going to be like an opportunity where i'm bit panda pro i can trade from bitcoin to gold? I know there's a lot of people who are kind of people like myself who love to hedge who love to play against. You know traditional fiat currencies. Is that going to be a reality on the bit panda platform? Yes along the road? Definitely so we are always coming from. We are a crypto company and we are coming from the crypto space. Nevertheless, we are aiming for also bringing other asset classes with the same easiness and simplicity um as crypto is offering um also to yeah everyone. I would say in the end so along the road. We are definitely aiming for also bringing other asset classes on bitbunner pro, for our users. Nevertheless, is the next step, as i said, it's uh other field currencies from other european markets to bring our main value proposition, also to them yeah and to enable them to easily buy crypto, yeah and kind of building. On that you know, i think we're going to some really interesting times lucas. You know, as we talked about earlier, everything happening right now, is really shaping us up for an interesting position for crypto assets to continue growing over the next few years. So i know there's a lot of people who you know might watch my channel. Some people have been around for years involved in crypto, but some are also new.
Some might just be simply looking for a new platform, so for those of you who might be interested in learning more about bit, panda we'll obviously have a link down below in the description. So you guys can check out the platform. Try registering account there's no cost to it. You just go through the standard kyc process and go through all the necessary steps that the pandas require to follow due to regulations, and after that you can start kind of testing around making your first deposit. But i wanted to ask you lucas, like you know as we're talking about this outside of obviously checking out the link down below and registering? Where can people go to, like maybe kind of figure out more about panda? Maybe if they have some questions about the platform? Are there any good resources that people could turn to? Yes for sure, it's, a quite uh yeah, easy way to find out more about pitt panda on the one side we have telegram groups, so you can easily join their discussion or our whole community is quite active. There and our support is uh, always eager uh, to answer questions on the other side. Um just go to bitbunner.com there. You find the whole academy and all informations about uh, bitcoin and general and bitbunner.com pro that's exactly the place where you have to drop off. If you want to get more about our p2p professional product for all traders, all over europe, awesome well lucas, in that case, like i mentioned before, we'll leave that down below in the description, so you guys can figure out more about bit panda pro.
You can also just check out the core bit panda platform, see which one works for you, you know see which one offers the best options and opportunities and, if i'm correct on this, i just wanted to make sure this is true lucas. If you register a bit panda pro account, you're technically also registering a core bitpanda account similar to coinbase and coinbase pro. Is that correct exactly so? You have just one account to access two platforms uh. Why? Because in the end, it's your you can choose so, for example, you start as a uh early trader and your first step so to say the crypto start with the retail platform that's really easy. Then you evolve to a more uh, complex professional trader. You want to have different water types, then go to pro and play around and trade awesome lucas. Well, i think you know having two registration or one registration. Two logins simplifies the entire process and it really opens up people to the whole basket of different services that you guys provide so i'm really interested to get some feedback from people testing up the platform. Again, if you guys want to provide any feedback, i have no doubt lucas and the team are listening, so feel free to give it to them, and you know tell them your thoughts on the platform, but lucas i mean this has been great man. Like i mentioned. I think we're going through really interesting times right now in the crypto space, but panda has obviously built the reputation of being a solid crypto platform and even just being able to provide that core exposure to digital assets, as well as digitized representations of physical commodities.
Like gold and silver, i think it's going to position. You guys very well over the next few years, so i'm happy to have you guys on as a core partner of the channel and it's just really great to get to catch up and get to chat with you man. I appreciate it. Thank you very much. Nicolas great to have been here today and look forward to our next chat.