Bitpanda raised collective brows in the European fintech passages by opting out of a UK public listing. But why did Bitpanda snub the UK as a prospective listing place, you may ask?
Ends up that the Vienna-based fintech platform, backed by billionaire Peter Thiel, cited bad liquidity of the London Stock Exchange (LSE) as its primary factor for pulling out of its initial plan.
According to a report released by the Financial Times on 26 August 2025, Bitpanda &# 8217; s CHIEF EXECUTIVE OFFICER, Eric Demuth, claimed that the firm will certainly rather focus on either Frankfurt or New York as its venue of option when it proceeds with a public offering.
While no timeline has actually been formalised, London is absolutely off the listing.
: Bitpanda, a crypto exchange backed by billionaire financiers Peter Thiel, has actually ruled out listing in
London because of an absence of liquidity in share trading, making it the most up to date business to reject the UK’s capital markets. pic.twitter.com/gO 14 oxX 4 x 2
— Marcel van Oost(@oost_marcel)
August 26, 2025
Demuth validated that Bitpanda is not the only business that has shelved its London strategies. Per Demuth, a great deal of firms are relocating far from the LSE.
He indicated the British fintech, Wise, which lately relocated its main listing to New York after an investor vote. The British fintech made the action mainly as a result of a need for much deeper funding swimming pools and improved market liquidity.
Additionally to this, he validated the London bourse &# 8217; s continuous battle to draw in sufficient trading quantity and investor deepness.
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London &# 8217; s Trading Scene Looks Dry: UK &# 8217; s IPO Market Plunges To Lowest Point In 3 Decades
Considering exactly how London is having a hard time to maintain its status as a leading IPO destination, the Bitpanda UK exit seems like a fair organization choice.
The UK &# 8217; s IPO market has plunged to its lowest point in 3 decades, with simply ₤ 160 million to ₤ 182 8 million ($ 216 m–$ 247 8 M) increased in the first fifty percent of 2025 This represents a massive decline from the ₤ 8 8 billion ($ 11 88 B) height that occurred in 2021
The fundraising climate has actually remained weak also after factoring in additional offerings.
The London stock exchange currently makes the majority of its income from being a data storehouse not listings … absolutely not a good indicator. pic.twitter.com/ g 6 tyjp 7 Wpi
— Mohamed (@Mahalildn 1 August 18, 2025
Demuth clarified that while Bitpanda has recently gotten in the UK market, it still acquires its main resource of profits from continental Europe.
Earlier in June, Carrie Osman, founder and CEO of the growth consultancy company Cruxy, resembled the decrease of the LSE.
Per Osman, there are numerous reasons why companies are delisting from the LSE. Some are architectural, yet the lack of liquidity is the major issue.
Her remarks followed the purchase of a UK-based semiconductor firm, Alphawave Semi, by Qualcomm, creating another top-level separation from the LSE.
According to her, the UK &# 8217; s weak investing society, contrasted to the United States, where individuals commonly invest via 401 (k) plans, is holding back the LSE.
On GlobalData &# 8217; s Instantaneous Insights podcast, she stated, &# 8220; I was checking out some truths, and I assumed it’s extremely intriguing that, for example, in the UK, concerning 23 % of adults have stocks and shares. When we compare that to the US, it’s 62 %.”
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Bitpanda UK Separation Mirrors Wider Market Pattern
Bitpanda avoiding the UK is a sign of a wider sector trend where companies are transferring to greener fields in search of greater liquidity, governing quality and financier depth.
The US and continental Europe have actually become public listing hotspots due to their responsive regulatory settings and institutional passion.
The New York Supply Exchange (NYSE) and the Nasdaq have ended up being magnets for crypto indigenous business as a result of their friendlier plans and an institutional funding inflow under the Trump administration.
Earlier this year, Circle, the company of USDC stablecoin, elevated $ 1 05 billion on the NYSE at an $ 8 billion valuation. Gemini and BitGo have followed suit to listing in the US. On the other hand, Favorable, another Thiel-backed exchange, openly debuted on the NYSE this month.
The comparison with the LSE is raw. While the UK aims to lead in fintech, its IPO market remains to suffer from slim trading volumes and reduced investor hunger, raising questions regarding its practicality for high-growth tech companies.
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Trick Takeaways
- UK &# 8217; s IPO market has actually plunged to its floor in 3 decades, with just ₤ 160 million to ₤ 182 8 million ($ 216 m–$ 247 8 M) increased in the first fifty percent of 2025
- Bitpanda cancelled its UK listing strategy as a result of the LSE &# 8217; s poor liquidity
- Bitpanda will pick either Frankfurt or New York for its public offering
The message Did Bitpanda Simply Snub UK Listing Over Liquidity Concerns? showed up initially on 99 Bitcoins