Peter Thiel-Backed Bitpanda Rejects UK Listing On Liquidity Grounds: Report
Bitpanda, the crypto alternate backed by billionaire investor Peter Thiel, has dominated out the UK as a possible itemizing venue, citing poor liquidity on the London Inventory Trade.
CEO Eric Demuth just lately told the Financial Times that the alternate will as a substitute contemplate both Frankfurt or New York when it strikes forward with a public providing. Whereas no timeline has been set, he burdened that London was not on the desk.
Demuth famous that many firms are shifting away from the LSE. He pointed to British fintech Clever, whose shareholders voted final month to shift its major itemizing to New York in quest of deeper investor demand and higher liquidity. He added that the London bourse is combating weak liquidity.
Bitpanda didn’t return Cryptonews’ request for remark by press time.
London’s IPO Market Sinks To Lowest Ranges In Three Many years
His remarks come as London struggles to take care of its function as a hub for preliminary public choices. The UK’s IPO market has fallen to a 30-year low in 2025. Within the first half of the 12 months, solely £160m ($216m) to £182.8m ($247.8m) was raised. Against this, the 2021 peak reached £8.8b ($11.88b).
Even when secondary points are included, the whole stays the weakest fundraising setting in a long time.
Demuth stated one other issue behind the choice was that Bitpanda had solely just lately launched within the UK and nonetheless generated most of its income from continental Europe.
Bitpanda Appears to be like To Align With Markets Providing Better Liquidity
The corporate’s stance displays a broader development. More and more, crypto corporations are selecting to go public within the US or continental Europe. In these areas, regulators and buyers are seen as extra receptive.
Furthermore, the New York Inventory Trade and Nasdaq have emerged because the main locations. They’re being buoyed by friendlier insurance policies underneath the Trump administration and an inflow of institutional capital.
Earlier this 12 months, Circle, the issuer of the USD Coin stablecoin, raised $1.05b on the NYSE at a valuation of roughly $8b. The Winklevoss twins’ Gemini alternate and crypto custodian BitGo have additionally filed to listing within the US. One other Thiel-backed venue, Bullish, floated on the NYSE this month.
The distinction reveals London’s wrestle to compete with deeper markets overseas. Whereas the UK has sought to place itself as a fintech chief, skinny buying and selling volumes and diminished investor urge for food have raised doubts about its attractiveness for high-growth expertise firms.
For Bitpanda, the choice factors to its broader ambition to align with jurisdictions providing liquidity, regulatory readability and investor enthusiasm.
With almost a decade of operations throughout Europe and help from distinguished backers, the alternate is positioning itself to observe the playbook of its friends and faucet international capital markets.
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