Today, BitPanda announced that they have integrated IOTA (MIOTA) using the IOTA hub. This means that it is now possible to deposit and withdraw IOTA tokens from BitPanda. This is a big deal given that BitPanda is one of the largest exchanges in Europe, and could push up the trading volumes of IOTA (MIOTA), and by extension its price. Already IOTA (MIOTA) is one of the few major cryptos that was in the green today. This is an indicator that the market is taking this news quite positively.
But BitPanda is just the beginning. Over time, other exchanges will also start integrating it, and drive up the volumes of IOTA (MIOTA). That’s because the IOTA hub is meant to create an easy interface for integrating IOTA into exchanges, as explained by the IOTA team on their blog, as seen in the excerpt below.
“The Hub offers a standardized, open-source solution to these issues using a simple gRPC API in a hardened and audited environment. This makes integrating IOTA simple for any kind of service provider. Using Hub, an exchange can be ready to support IOTA in weeks rather than months, just by connecting Hub to their existing trading platform.”