Bitpanda is preparing for a potential initial public offering on the Frankfurt Stock Exchange in the first half of 2026. The Vienna-based crypto exchange is targeting a valuation of roughly €4 billion to €5 billion and has hired Goldman Sachs, Citigroup, and Deutsche Bank to advise on the transaction.
The company previously explored a London listing but shifted focus to Germany amid concerns about liquidity on UK markets. Frankfurt has emerged as the preferred venue, aligning Bitpanda more closely with its core European customer base and regulatory footprint. The exchange serves an estimated 30 million users across multiple EU jurisdictions and the UK.
The potential IPO comes as crypto firms benefit from clearer regulatory frameworks under the EU’s MiCA regime. It also coincides with Bitpanda’s plans to launch a crypto custody service with Deutsche Bank, reinforcing its institutional positioning.
