Bitpanda raised collective eyebrows within the European fintech corridors by opting out of a UK public itemizing. However why did Bitpanda snub the UK as a possible itemizing venue, it’s possible you’ll ask?
Seems that the Vienna-based fintech platform, backed by billionaire Peter Thiel, cited poor liquidity of the London Inventory Trade (LSE) as its primary motive for opting out of its unique plan.
In line with a report printed by the Monetary Instances on 26 August 2025, Bitpanda’s CEO, Eric Demuth, mentioned that the corporate will as an alternative deal with both Frankfurt or New York as its venue of alternative when it goes forward with a public providing.
Whereas no timeline has been formalised, London is unquestionably off the checklist.
𝙅𝙐𝙎𝙏 𝙄𝙉: Bitpanda, a crypto alternate backed by billionaire buyers Peter Thiel, has dominated out itemizing in
London as a consequence of an absence of liquidity in share buying and selling, making it the most recent firm to shun the UK’s capital markets. pic.twitter.com/gO14oxX4x2
— Marcel van Oost (@oost_marcel) August 26, 2025
Demuth confirmed that Bitpanda will not be the one firm that has shelved its London plans. Per Demuth, a variety of firms are shifting away from the LSE.
He pointed to the British fintech, Smart, which lately moved its main itemizing to New York after a shareholder vote. The British fintech made the transfer primarily as a consequence of a requirement for deeper capital swimming pools and enhanced market liquidity.
Additional to this, he confirmed the London bourse’s ongoing battle to draw enough buying and selling quantity and investor depth.
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London’s Buying and selling Scene Appears to be like Dry: UK’s IPO Market Plunges To Lowest Level In Three Many years
Contemplating how London is struggling to retain its standing as a number one IPO vacation spot, the Bitpanda UK exit looks as if a good enterprise determination.
The UK’s IPO market has plunged to its lowest level in three many years, with simply £160 million to £182.8 million ($216m–$247.8 M) raised within the first half of 2025. This represents an enormous decline from the £8.8 billion ($11.88 B) peak that occurred in 2021.
The fundraising local weather has remained weak even after factoring in secondary choices.
The London inventory alternate now makes most of its earnings from being an information warehouse not listings… undoubtedly not a great signal. pic.twitter.com/g6tyjp7Wpi
— Mohamed (@Mahalildn1) August 18, 2025
Demuth defined that whereas Bitpanda has lately entered the UK market, it nonetheless derives its primary income from continental Europe.
Earlier in June, Carrie Osman, founder and CEO of the expansion consultancy agency Cruxy, echoed the decline of the LSE.
Per Osman, there are a number of the explanation why firms are delisting from the LSE. Some are structural, however the lack of liquidity is the principle difficulty.
Her remarks got here after the acquisition of a UK-based semiconductor firm, Alphawave Semi, by Qualcomm, inflicting one other high-profile departure from the LSE.
In line with her, the UK’s weaker investing tradition, in comparison with the US, the place individuals typically make investments by 401(okay) plans, is holding again the LSE.
On GlobalData’s On the spot Insights podcast, she mentioned, “I used to be some details, and I believed it’s very attention-grabbing that, for instance, within the UK, about 23% of adults have shares and shares. After we examine that to the US, it’s 62%.”
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Bitpanda UK Departure Displays Broader Business Development
Bitpanda sidestepping the UK is indicative of a broader business pattern the place firms are shifting to greener pastures searching for higher liquidity, regulatory readability and investor depth.
The US and continental Europe have emerged as public itemizing hotspots as a consequence of their receptive regulatory environments and institutional curiosity.
The New York Inventory Trade (NYSE) and the Nasdaq have change into magnets for crypto native firms due to their friendlier insurance policies and an institutional capital influx below the Trump administration.
Earlier this 12 months, Circle, the issuer of USDC stablecoin, raised $1.05 billion on the NYSE at an $8 billion valuation. Gemini and BitGo have adopted go well with to checklist within the US. In the meantime, Bullish, one other Thiel-backed alternate, publicly debuted on the NYSE this month.
The distinction with the LSE is stark. Whereas the UK goals to steer in fintech, its IPO market continues to undergo from skinny buying and selling volumes and low investor urge for food, elevating questions on its viability for high-growth tech corporations.
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Key Takeaways
UK’s IPO market has plunged to its lowest level in three many years, with simply £160 million to £182.8 million ($216m–$247.8 M) raised within the first half of 2025
Bitpanda cancelled its UK itemizing plan as a result of LSE’s poor liquidity
Bitpanda will select both Frankfurt or New York for its public providing
The submit Did Bitpanda Simply Snub UK Itemizing Over Liquidity Points? appeared first on 99Bitcoins.
