Bitpanda Cancels London IPO, Eyes Frankfurt or New York Listing
Bitpanda has scrapped plans for a London Stock Exchange listing, citing weak liquidity and unfavorable market conditions. The Vienna-based crypto exchange now targets Frankfurt or New York for its public debut, seeking deeper capital pools and stronger trading demand.
CEO Eric Demuth emphasized the need for a listing venue matching Bitpanda's growth ambitions. The decision reflects broader challenges facing European crypto markets, where liquidity fragmentation continues to drive firms toward US and German exchanges.
The shelved IPO plan marks a setback for London's aspirations as a crypto hub, following similar moves by other digital asset firms. Bitpanda's pivot underscores the critical role of exchange selection in crypto companies' expansion strategies.
