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Bitpanda, a major Europe-based digital asset exchange backed by Peter Thiel and the venture capital firm Hedosophia, has ruled out a public listing in London. The Austrian company cited weak liquidity in the London market as the primary reason for this decision. Instead, Bitpanda is considering alternative venues such as New York or Frankfurt, which it views as more attractive due to friendlier U.S. cryptocurrency regulations and stronger market conditions. The company is preparing for a public listing but is focusing on these markets to support its long-term ambitions.
The company’s backers include Peter Thiel and VC firm Hedosophia. https://t.co/Uon0OXwtet
LATEST: @Bitpanda_global drops London IPO plans 🗞️ The crypto broker has shelved its London listing, citing weak liquidity Instead, Bitpanda is weighing Frankfurt or NY as stronger venues for its long-term ambitions https://t.co/s29Szq5tug
🏛️ Bitpanda said it was preparing for a public listing but ruled out London due to weak liquidity, instead eyeing New York or Frankfurt as more attractive venues amid friendlier U.S. crypto rules.
