Bitpanda Opts Against UK Listing, Citing London Stock Exchange Liquidity Concerns

Vienna-based cryptocurrency exchange Bitpanda has abandoned plans for a London Stock Exchange listing, joining a growing exodus of fintech firms from the UK's capital markets. CEO Eric Demuth cited poor liquidity as the primary deterrent, redirecting the firm's IPO ambitions toward Frankfurt or New York.

The decision follows Wise's recent relocation of its primary listing to New York, underscoring a broader trend of European fintechs seeking deeper capital pools abroad. Bitpanda, backed by Peter Thiel, hasn't set a definitive timeline but has explicitly ruled out the LSE as a viable venue.

Market analysts note the move reflects structural challenges in London's equity markets, particularly for digital asset firms. The LSE's dwindling appeal contrasts with New York's dominance in tech listings and Frankfurt's emergence as a European crypto hub.