Bitpanda Explores Public Listing, Excludes London for Potential IPO

Cryptocurrency exchange Bitpanda is accelerating plans for a public listing, with co-founder Eric Demuth signaling heightened readiness compared to previous considerations. The Vienna-based firm has dismissed London as a viable venue, citing poor liquidity on the London Stock Exchange. "Currently, everybody's moving away from the LSE," Demuth noted, highlighting the exchange's struggles.

New York emerges as a preferred destination, buoyed by U.S. government support for digital assets. The recent debut of crypto firms like Bullish (BLSH), Circle Internet (CRCL), and eToro (ETOR) on U.S. markets underscores this trend. "The market is much more friendly right now," Demuth observed, indicating a shift in listing priorities.

Bitpanda is also evaluating Frankfurt for its IPO, given its strong revenue base in mainland Europe. The company's expansion into the U.K. market hasn't swayed its stance on avoiding a London listing. No immediate comment was available from Bitpanda regarding further details.