EU Crypto Exchange Bitpanda Eyes $5B IPO in 2026: Report

Bitpanda, 1 of Europe’s astir fashionable crypto  exchanges by trading volume, is reportedly readying an archetypal nationalist offering successful the archetypal fractional of 2026. Bloomberg reports that the Vienna-based steadfast could question a valuation of betwixt €4 cardinal ($4.7 billion) and €5 cardinal ($5.83 billion). The offering is planned for Frankfurt’s banal exchange.

Bitpanda, founded successful 2014, is 1 of Europe’s astir fashionable retail crypto platforms, and claims to person implicit 7 cardinal users. Although it doesn't publically disclose its trading volumes, consultancy steadfast EY estimates that Bitpanda accounts for 59.6% of Austria’s home crypto trading market.

The speech has reportedly tapped Goldman Sachs, Citigroup, and Deutsche Bank to enactment connected the offering, which could perchance travel arsenic soon arsenic the archetypal 4th of 2026. Bitpanda has yet to corroborate the reports, but Decrypt has contacted the speech for comment.

The determination to database successful Frankfurt, Germany’s fiscal capital, comes aft Bitpanda ruled retired a London listing past August. At the time, CEO Eric Demuth told the Financial Times that London offered little liquidity than different large markets specified arsenic New York and Frankfurt, pointing to however different European firms, including fintech elephantine Wise, person opted against a London listing successful caller years.

2025 was arguably the biggest twelvemonth connected grounds successful presumption of crypto IPOs. USDC issuer Circle, crypto speech Bullish, and trading steadfast eToro each made large banal marketplace debuts.

Several of Bitpanda’s competitors are besides preparing to spell public. Crypto speech Kraken filed confidentially for an IPO successful November, amid a $20 cardinal post-funding-round valuation, and is awaiting SEC support and due marketplace conditions. Meanwhile, FalconX, Grayscale, and Blockchain.com person each discussed plans for IPOs successful the adjacent future.

Crypto Firm BitGo Targets Nearly $2 Billion Valuation successful US IPO Filing

2026 has already seen large crypto manufacture IPOs. Earlier this week, crypto wallet and custody supplier BitGo filed for an IPO connected the New York Stock Exchange (NYSE), which could worth the Palo Alto, California-based steadfast arsenic precocious arsenic astir $2 billion. The offering is presently pegged for January 21.