Share this article

Bitpanda Considers Public Listing, Rules Out London as Destination: FT

Co-founder Eric Demuth said the lack of liquidity in share trading is putting off Bitpanda from seeking a public listing on the LSE.

Aug 26, 2025, 8:53 a.m.
Bitpanda co-founders (left to right) Christian Trummer, Paul Klanschek and Eric Demuth. (Bitpanda)
Bitpanda co-founder Eric Demuth (right) ruled out out London as a likely venue for a Bitpanda public market debut (Bitpanda)

What to know:

  • Bitpanda's co-founder ruled out the London Stock Exchange as a likely venue for a public listing by the crypto exchange.
  • Demuth said the lack of liquidity in share trading is putting off Bitpanda from seeking a public listing on the exchange.
  • He added that a listing in New York was more likely, based on the U.S. government's support for digital assets.

Cryptocurrency exchange Bitpanda is "looking much closer" into a public listing than previously, co-founder Eric Demuth said in an interview with the Financial Times.

Demuth ruled out London as a likely venue for a public market debut, despite the crypto exchange's recent expansion of U.K. operations. The lack of liquidity in share trading is putting Vienna-based Bitpanda off seeking a listing on the London Stock Exchange (LSE), he said.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

"Currently, everybody's moving away from the LSE," Demut said. "Liquidity-wise, the LSE is not doing too well."

He added that a listing in New York was more likely, based on the support by the U.S. government's support for digital assets.

This month saw the New York Stock Exchange debut of crypto firm Bullish (BLSH), which operates the crypto exchange of the same name and is CoinDesk's parent company. Other prominent companies such as stablecoin issuer Circle Interent (CRCL) and trading platform eToro (ETOR) have also debuted on the U.S. public markets this year.

"The market is much more friendly right now ... so we're currently looking much closer into [listing] than we did before," Demuth said.

Bitpanda is also considering a Frankfurt listing given that the Austrian company makes most of its money in mainland Europe.

Bitpanda did not immediately respond to CoinDesk's request for further comment.

Más para ti

Protocol Research: GoPlus Security

GP Basic Image

Lo que debes saber:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

Más para ti

Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

The platform aims to make locked Solana staking positions tradable via an onchain marketplace.

Lo que debes saber:

  • Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
  • The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
  • Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.