This is why Bitpanda canceled the public subscription in London star-news.press/wp

Bitpanda has suspended its plan for the audience in London. The Austrian encryption medium says he is now looking at Frankfurt or New York because it evaluates the best expansion path.

Bitpanda, one of the largest encryption platforms in Europe, abandoned plans for a preliminary general offer on the London Stock Exchange. According to August 26 a reportThe stock market cited weak liquidity on LSE as leading its decision, taking into account other options now.

The Vienna -based stock exchange has been a preliminary general list since October 2024, when reports appeared for the first time that it was thinking about a possible public list.

Participant founder and CEO Eric Demouth said that the London Stock Exchange no longer provides the liquidity needs of Pepanda, adding that the company instead explores the lists in Frankfurt or New York, where the capital bathrooms are deeper and that trade demand is higher.

Demith described the advertisement as part of the long -term road map of Bitpanda, but stressed that choosing the place should match his ambitions scale. The public subscription focus comes as Bitpanda continues to expand its services and offers steadily. The Stock Exchange recently obtained the approval of the Mika to work as an encryption for the European Union, where it has provided new services in Germany, France and Spain.

Crypto.News has also been reported previously, Bitpanda has also registered its successful year since its launch, as it was $ 426 million of operating revenues for 2024. The teacher is in profitability and expansion, which leads the exchange to look at the largest inclusion places, which you may put with larger peers such as Coinbase, which is placed in Nasdaq in 2021.

Organizational concerns are likely to be another factor behind Bitpanda’s decision to stay away from London. The United States refers to a more welcoming position on the encryption industry, while the UK regulations are still unclear, as the region often criticizes its strict approach to digital assets.

Meanwhile, the Bitpanda offer also comes as the subscriptions gain traction between the encryption companies.

Bitpanda joins Crypto IPO Trend

Throughout this year, encryption companies dominate the general listing scene. Stablecoin Issuer Circle set the trend in June with $ 1.2 billion on the New York Stock Exchange. The launch was widely successful and pushing a wave of companies to follow.

Earlier this month, the stock exchange backed by Peter Thil on the New York Stock Exchange, which raised $ 1.1 billion. Arrows at $ 37, top of 32 to 33 dollars, giving the platform an evaluation of $ 5.4 billion. Founding investors, including Blackrock and Ark Investment Management, established the demand, and purchased up to $ 200 million in shares.

Meanwhile, the Crypto Exchange Gemini also prepares its own American menu on the Nasdaq Stock Exchange under the “GEMI” index. Although the losses of $ 282.5 million of revenues are recorded in the first half of 2025, the Winklevoss stock exchange is betting on the public markets to finance operations and expand its business in Stablecoin.

Bitpanda says he is still committed to a future menu. As the London Stock Exchange is excluded now, it remains to see where the stock exchange will work in the end.