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, you could ask?
Seems that the Vienna-based fintech platform, backed by billionaire Peter Thiel, cited poor liquidity of the London Inventory Trade (LSE) as its essential cause for opting out of its unique plan.
Based on a report printed by the Monetary Instances on 26 August 2025, Bitpanda’s CEO, Eric Demuth, mentioned that the corporate will as a substitute 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 record.
𝙅𝙐𝙎𝙏 𝙄𝙉: Bitpanda, a crypto change backed by billionaire traders Peter Thiel, has dominated out itemizing in
London attributable to a scarcity 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 just isn’t the one firm that has shelved its London plans. Per Demuth, a variety of firms are transferring away from the LSE.
He pointed to the British fintech, Sensible, which lately moved its major itemizing to New York after a shareholder vote. The British fintech made the transfer primarily attributable to a requirement for deeper capital swimming pools and enhanced market liquidity.
Additional to this, he confirmed the London bourse’s ongoing wrestle to draw adequate 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 like a good enterprise resolution.
The UK’s IPO market has plunged to its lowest level in three a long time, with simply £160 million to £182.8 million ($216m–$247.8 M) raised within the first half of 2025. This represents a large 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 change now makes most of its revenue from being a knowledge 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 essential 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 primary 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.
Based on her, the UK’s weaker investing tradition, in comparison with the US, the place individuals typically make investments by means of 401(ok) plans, is holding again the LSE.
On GlobalData’s Immediate Insights podcast, she mentioned, “I used to be taking a look at some details, and I assumed it’s very fascinating 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 trade development the place firms are transferring to greener pastures seeking better liquidity, regulatory readability and investor depth.
The US and continental Europe have emerged as public itemizing hotspots attributable to 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 beneath the Trump administration.
Earlier this yr, Circle, the issuer of USDC stablecoin, raised $1.05 billion on the NYSE at an $8 billion valuation. Gemini and BitGo have adopted swimsuit to record within the US. In the meantime, Bullish, one other Thiel-backed change, publicly debuted on the NYSE this month.
The distinction with the LSE is stark. Whereas the UK goals to guide 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 a long time, 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 because of the 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.
