If you are holding Steelcoin (STEEL) on Bitpanda, a single date matters: September 30, 2026, 23:59 CET. Until then you can sell your tokens yourself, and without any selling fee. After that, the trading platform switches the sell button off for good. On October 1, 2026, all remaining holdings are converted into euros automatically and credited to your fiat wallet.
Your money is not gone. What you lose after September 30 is something else, and for the value of your holding it can matter a great deal more: the choice of moment. Sell for yourself and you pick your price. Wait, and you get whatever the market pays on the day of the forced liquidation.
That is the complete set of instructions, and it fits into a single paragraph. The rest of this article answers the questions that come afterwards, the ones that have had no answer in the German-speaking market so far. Why is a regulated product being withdrawn when nobody is insolvent? Is there a swap into the successor? What about the Steelcoin ETP in your securities account, which carries the same name and is still a different thing? And why can a payout of one euro be unreachable in practice?
The process is also a lesson in a mechanism that...
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