The Austrian cryptocurrency exchange Bitpanda does not plan to go public on the London Stock Exchange due to insufficient liquidity in the British market. This was announced by the company’s co-founder, Eric Demuth, who explained the decision by the capital outflow and the challenging situation on the exchange.
This is reported by Finway
Reasons for Abandoning the Listing in London
According to Demuth, there is currently a significant outflow of companies from the London Stock Exchange, and liquidity has decreased substantially. He cited the example of the fintech company Wise, which decided to move its primary listing from London to New York precisely because of liquidity issues. Demuth predicts that the situation on the London Stock Exchange will remain challenging for several more years.
Among the additional reasons for abandoning the British market, he noted the recent start of Bitpanda’s operations in the UK, as well as the fact that the company’s main revenue comes from continental Europe.
Possible Alternatives for Public Offering
Bitpanda is currently considering New York and Frankfurt as potential venues for conducting an IPO. At the same time, the company has not yet made a final decision regarding the timing or location of its market entry.
“The UK is experiencing a prolonged IPO ‘drought’: the amount raised from initial public offerings in the first half of this year has fallen to the lowest level in the last 30 years. Concerns are growing about London’s status as a global financial center. Politicians and regulators are trying to revive the capital market through a series of reforms in recent years,” stated the Financial Times.
It is worth noting that in October 2025, it was reported that Bitpanda was considering options for conducting an IPO or selling the business in 2025.