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Promote with Leviathan NewsAustrian crypto exchange Bitpanda has ruled out pursuing an initial public offering in London, citing weak liquidity and a broader shift of companies away from the London Stock Exchange (LSE). In an interview with the Financial Times, CEO and co-founder Eric Demuth said Bitpanda is actively considering going public but “it will not be in London,” adding that the company is instead looking at potential listings in Frankfurt or New York, with no firm timeline decided. Bitpanda, founded in 2014 and backed by investors including Peter Thiel and Hedosophia, has grown into one of Europe’s larger crypto trading platforms. Demuth pointed to what he described as a deteriorating environment for listings in the UK, arguing that “everybody’s moving away from the [London Stock Exchange]” and highlighting moves by firms such as Wise, which has sought to shift its primary listing to the United States to access deeper capital markets. London has been experiencing a prolonged IPO downturn, with funds raised from new listings falling to a roughly 30‑year low, raising concerns over the city’s ability to compete with New York and continental European exchanges for high-growth tech and fintech companies. Bitpanda’s decision underscores the competitive challenge facing UK capital markets, particularly in attracting fast-growing digital asset and fintech businesses that are weighing where best to secure liquidity and investor demand.
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