Bitpanda Weighs U.S. IPO, Rules Out London Listing

Public Listing Plans

Bitpanda, the Vienna-based cryptocurrency exchange, is taking a closer look at going public, according to co-founder Eric Demuth in an interview with the Financial Times.

While the exchange has expanded operations in the U.K., Demuth dismissed London Stock Exchange (LSE) as a likely venue, citing weak liquidity.

“Currently, everybody’s moving away from the LSE. Liquidity-wise, the LSE is not doing too well,” Demuth said.

Preferred Venues: New York and Frankfurt

Instead, Bitpanda sees New York as the stronger option, pointing to the U.S. government’s growing support for digital assets. Frankfurt is also under consideration, given Bitpanda’s revenue base in mainland Europe.

Market Context

 - Bullish (BLSH): Recently debuted on the NYSE, marking a milestone for the CoinDesk-owned crypto exchange.

 - Circle (CRCL) and eToro (ETOR): Both also entered U.S. public markets this year.

 - Demuth said: “The market is much more friendly right now … so we’re currently looking much closer into [listing] than we did before.”

Conclusion

Bitpanda’s IPO could mark the next major European crypto firm to enter the public markets, with New York and Frankfurt standing out as preferred destinations. London, however, appears to have lost its shine for digital asset listings.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.