Bitpanda raised collective brows in European fintech corridors by opting out of public UK listings. But why did Bitpanda snap the UK as a potential listing venue?
The Vienna-based fintech platform, backed by billionaire Peter Thiel, has found it cited low liquidity on the London Stock Exchange (LSE) as the main reason for opting out of its original plan.
According to a report published by the Financial Times on August 26, 2025, Bitpanda CEO Eric Demuth said the company will instead focus on the venue of choice when either Frankfurt or New York proceeds to hold the public offering.
The timeline is not official, but London is definitely off the list.
bity bitpanda, a crypto exchange backed by billionaire investor Peter Thiel, has become the latest company to rule out London’s listings and avoid the UK’s capital markets due to lack of liquidity in stock trading. pic.twitter.com/go14oxx4x2
– Marcel van Oust (@OOST_MARCEL) August 26, 2025
Dems confirmed that it wasn’t just the company that shelved its London plans. According to Demuth, many companies are moving away from LSE.
He pointed out British fintech Wise and recently moved his major list to New York after a shareholder vote. British Fintech has moved primarily due to deeper capital pools and requirements for increasing market liquidity.
In addition to this, he acknowledged the London Bulls’ ongoing struggle to attract adequate trading volume and investor depth.
Explore: Top 20 Cryptography to Buy in 2025
London’s trading scene looks dry: British IPO market plunges to the lowest point in 30 years
Given that London is struggling to maintain its position as a major IPO destination, the Bitpanda UK exit appears to be a fair business decision.
The UK IPO market plunged to the lowest point raised in the first half of 2025, from just £160 million to £162.8 million (2267.8m).
The funding environment remains weak even after considering secondary provision.
Demuth explained that while Bitpanda recently entered the UK market, it still draws its main source of revenue from the European continent.
At the beginning of June, Carie Osman, founder and CEO of Growth Consultancy company Cruxy, repeatedly fell in LSE.
According to OSMAN, there are several reasons why companies are delisting from LSE. There are structural ones, but the main issue is lack of fluidity.
Her remarks came after Qualcomm’s acquisition of UK-based semiconductor company Alphawave Semi.
She said the UK’s weaker investment culture is hindering LSE compared to the US, where people often invest through the 401(k) plan.
On GlobalData’s Instant Insights Podcast, she said: “I was looking at some facts. I thought it was very interesting in the UK, for example, that about 23% of adults have stocks and stakes. If you compare that to the US, it’s 62%.”
Explore: Buy Now 12+ Hottest Cipher Precels
Bitpanda UK’s departure reflects broader industry trends
Bitpanda SideSteping UK shows a wide range of industry trends where businesses are moving to greener pastures in search of greater liquidity, regulatory clarity and investor depth.
The US and continental Europe have emerged as public hotspots due to the receptive regulatory environment and institutional interest.
The New York Stock Exchange (NYSE) and NASDAQ have become magnets for native crypto companies due to friendly policies and institutional capital inflows under the Trump administration.
Earlier this year, USDC Stablecoin publisher Circle raised $1.05 billion in NYSE at a $8 billion valuation. Gemini and Bitgo follow suit to list them in the US. Meanwhile, this month is another Tiel support exchange that was released on the NYSE.
The contrast with the LSE is severe. The UK aims to lead fintechs, but the IPO market continues to struggle with thin trading volumes and low investor appetite, raising questions about the viability of high-growth tech companies.
Explore: 20+ Next Cryptocurrency to Explode in 2025
Key takeout
The UK IPO market has plummeted to its lowest point in 30 years, raising just £160 million to £162.8 million ($226 million to 247.8 m) in the first half of 2025.
Bitpanda canceled its UK listing plan due to low LSE liquidity
Bitpanda will be open to either Frankfurt or New York
Why you can trust 99 Bitcoin?
Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.
90 hours+
Weekly research
100k+
Monthly Readers
50+
Expert Contributors
2000+
Crypto project reviewed
Follow 99 Bitcoin on Google News Feed
Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!
Subscribe now 
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
