Bitpanda Considers IPO or Sale at Frankfurt Stock Exchange in 2025
The Austrian crypto trading platform, Bitpanda, backed by billionaire Peter Thiel, is reportedly considering going public, according to sources cited by Bloomberg on October 28.
Ambitious Plans for a Potential Bitpanda IPO
Strategic options for Bitpanda include an IPO at the Frankfurt Stock Exchange in 2025, with support from major banks such as Citigroup Inc. and JPMorgan Chase & Co. However, selling the company is also being considered.
A Solid Valuation and a Growing User Base
Founded in 2014, Bitpanda could achieve a valuation of over $4 billion through an IPO or sale. The platform, which raised $263 million at a valuation of $4.1 billion in August 2021, has attracted over 5 million users with its diverse offering of cryptocurrencies, stocks, ETFs, crypto indices, and commodities.
With over 70 employees from 50 different nationalities, Bitpanda is a major player in the European digital asset market. Its strategic positioning, strengthened by its partnership with Deutsche Bank for crypto payments, allows it to comply with increasing regulatory requirements in multiple jurisdictions.
Bitpanda and European Regulation
Bitpanda has obtained approval from BaFin in Germany and a virtual asset service provider license in Norway, enabling it to anticipate the implementation of the European regulation on digital asset markets (MiCA). With this solid legal foundation, it can expand its operations in full compliance across Europe. The recent addition of Bitpanda Custody in the UK, along with collaborations with banks like RAKBANK in Dubai, demonstrates its commitment to adapting to local specifics and meeting the growing demand for secure custody solutions.
A Competitive Market and Outlook for 2025
Rumors of Bitpanda’s sale emerged just months after Robinhood acquired Bitstamp for $200 million. In a market where strategic moves are multiplying, Bitpanda seeks to differentiate itself by strengthening partnerships and capitalizing on a diverse and loyal user base. The possibility of an IPO in 2025 symbolizes the platform’s ambition to establish itself as a leading player in the crypto sector, with an expanded presence and offering across Europe and beyond.
