In short
- Bitpanda is reportedly planning an IPO at a valuation of between €4 billion ($4.7 billion) and €5 billion ($5.83 billion).
- The crypto change has opted for the Frankfurt Inventory Alternate over options comparable to New York and London.
- To this point, 2026 has seen a continuation of final yr’s bumper crypto IPO growth.
Bitpanda, one among Europe’s hottest crypto exchanges by buying and selling quantity, is reportedly planning an preliminary public providing within the first half of 2026. Bloomberg studies that the Vienna-based agency may search a valuation of between €4 billion ($4.7 billion) and €5 billion ($5.83 billion). The providing is deliberate for Frankfurt’s inventory change.
Bitpanda, based in 2014, is one among Europe’s hottest retail crypto platforms, and claims to have over seven million customers. Though it doesn't publicly disclose its buying and selling volumes, consultancy agency EY estimates that Bitpanda accounts for 59.6% of Austria’s home crypto buying and selling market.
The change has reportedly tapped Goldman Sachs, Citigroup, and Deutsche Financial institution to work on the providing, which may doubtlessly come as quickly as the primary quarter of 2026. Bitpanda has but to verify the studies, however Decrypt has contacted the change for remark.
The choice to record in Frankfurt, Germany’s monetary capital, comes after Bitpanda dominated out a London itemizing final August. On the time, CEO Eric Demuth informed the Monetary Instances that London supplied decrease liquidity than different main markets comparable to New York and Frankfurt, pointing to how different European corporations, together with fintech large Sensible, have opted in opposition to a London itemizing lately.
One other massive yr for crypto IPOs?
2025 was arguably the largest yr on file by way of crypto IPOs. USDC issuer Circle, crypto change Bullish, and buying and selling agency eToro all made main inventory market debuts.
A number of of Bitpanda’s opponents are additionally making ready to go public. Crypto change Kraken filed confidentially for an IPO in November, amid a $20 billion post-funding-round valuation, and is awaiting SEC approval and acceptable market circumstances. In the meantime, FalconX, Grayscale, and Blockchain.com have all mentioned plans for IPOs within the close to future.
2026 has already seen main crypto business IPOs. Earlier this week, crypto pockets and custody supplier BitGo filed for an IPO on the New York Inventory Alternate (NYSE), which may worth the Palo Alto, California-based agency as excessive as almost $2 billion. The providing is presently pegged for January 21.
