Immy Dorse 
Just over a week after announcing some pretty staggering financial numbers, Bitpanda has rolled out a new product. It’s a self-custody wallet, part of their push into Web3, and it supports a massive number of tokens right out of the gate.
A Closer Look at the New Wallet
The Bitpanda DeFi Wallet, as they’re calling it, is designed to let users handle their crypto without jumping between different apps. You can trade, or try to earn a bit of yield, all from the same place. At launch, it apparently supports more than 5,000 different tokens. That’s a huge number, honestly. It covers most of the big networks people are using these days—Ethereum and Solana, of course, but also Polygon, BNB Chain, and a few Layer 2s like Arbitrum and Base.
One of the things they seem to be pushing is the idea of “smart swaps.” The wallet will supposedly hunt for the best prices across different exchanges when you want to trade one token for another. I’m a bit skeptical about how well that works in practice during times of high network congestion, but it’s a decent feature on paper. They’re also offering to cover gas fees on some networks, which is a nice perk if you’re making a lot of small transactions.
Security and What Comes Next
Since it’s a non-custodial wallet, you hold the keys. That means you’re responsible for your own security, which is a double-edged sword. Bitpanda is offering an optional backup service, called Bitpanda Backup, to help users recover their wallets if they lose their seed phrase. It’s an interesting compromise between full self-custody and the convenience of a centralized platform.
They’re also teasing a loyalty program that works a little differently. Instead of just trading, you’d earn points for onchain actions. If you stake their VSN token, those points get a multiplier. It feels a bit like an attempt to create a more engaged community, not just a user base.
Riding a Wave of Momentum
This launch doesn’t come from nowhere. The company is clearly capitalizing on some serious momentum. Earlier this month, they reported operating revenue of $426 million. That’s a 162% increase from the previous year. A lot of that growth seems to be tied to new partnerships and a focus on getting regulated offerings to market.
They’ve been busy on that regulatory front, too. They secured a MiCA license from German regulators, which basically gives them a passport to operate across the entire EU. They also got a broker-dealer license in Dubai, marking their first official step outside of Europe. It feels like they’re methodically laying the groundwork for something bigger, and this new wallet is another piece of that puzzle. It’s less about a flashy new feature and more about building a complete, stickier ecosystem for their users. Whether users will want that all-in-one experience remains to be seen.
