Bitpanda’s Frankfurt IPO plans reflect stronger crypto markets, clearer EU rules, and rising interest in public listings.
Vienna-based crypto firm Bitpanda is preparing for a potential public listing that could mark one of Europe’s largest digital asset IPOs. According to Bloomberg, the company is considering a debut on the Frankfurt Stock Exchange as early as the first half of 2026. Crypto commentators say the move would place Bitpanda among a growing group of crypto firms preparing to go public.
Bitpanda Weighs Frankfurt IPO After Ruling Out UK Listing
According to sources familiar with the deal, Bitpanda is targeting a valuation of between €4 billion and €5 billion ($4.66 billion to $5.82 billion). Goldman Sachs, Citigroup, and Deutsche Bank have been employed to arrange the offering. Discussions are ongoing, and details such as timing and valuation could still change.
Bitpanda, a cryptocurrency trading platform backed by billionaire Peter Thiel, is gearing up for a Frankfurt initial public offering as soon as the first half of this year, sources say https://t.co/nmS6yVJKVY
— Bloomberg (@business) January 13, 2026
The crypto firm previously considered a listing in the UK but stepped back due to low liquidity on the London Stock Exchange. Co-founder Eric Demuth has said that a future IPO would take place in either Frankfurt or New York. But Germany is now emerging as the likely launch location.
Bitpanda was founded in 2014 and has built a strong footprint across Europe. Currently, the firm operates in Austria, Germany, Switzerland, Italy, and France. It has also recently expanded into the UK.
A large share of its customer base is served through a Berlin hub. The platform offers crypto trading alongside commodities, securities, and ETFs through its website and mobile app.
The planned Frankfurt listing may align with Bitpanda’s growing ties to Deutsche Bank. In July, both firms announced plans to launch a crypto custody service in 2026, supported by Taurus, a digital asset infrastructure provider backed by Deutsche Bank. The partnership points to deeper links between traditional finance and crypto firms in Germany.
Regulatory conditions also support the timing. Clearer rules under the EU’s MiCA framework have reduced uncertainty for digital asset companies. In the United States, a more welcoming policy tone under President Donald Trump has added to global momentum for crypto listings.
Public Listings Regain Traction Among Major Crypto Companies
Several firms went public in the past year, with some notable names including Circle, Bullish, and Gemini. Firms such as Kraken, BitGo, and Consensys are lining up to join the trend this year.
Leadership changes at Bitpanda also point to long-term planning. Eric Demuth has moved into the role of chairman at the Swiss holding company, while Lukas Enzersdorfer-Konrad now serves as chief executive officer. In 2021, the firm raised $263 million from investors including Valar Ventures, founded by Peter Thiel, valuing Bitpanda at $4.1 billion.
Bitpanda currently reports over 7 million users and is the official crypto trading partner of Arsenal Football Club. If completed, the Frankfurt IPO would place the company among the most closely watched crypto listings in Europe next year.
Image from Bitpanda
