Cryptocurrency exchange Bitpanda is weighing the possibility of going public, with Co-Founder Eric Demuth confirming the company is “looking much closer” at a listing than before. In an interview with the Financial Times, Demuth said London is not being considered as a potential venue, citing low trading activity. “Currently, everybody’s moving away from the LSE. Liquidity-wise, the LSE is not doing too well,” he noted.
While Bitpanda recently expanded its UK operations, the Vienna-based exchange does not see the London Stock Exchange as attractive for its debut. Instead, Demuth highlighted that New York offers a stronger environment due to the U.S. government support for digital assets.
The U.S. market has already hosted listings of several crypto-focused firms this year, including Bullish, Circle Internet, and eToro. Bitpanda is also evaluating Frankfurt as an option, given that most of its revenue is generated in mainland Europe. Demuth said, “The market is much more friendly right now... so we’re currently looking much closer into [listing] than we did before.”
