Bitpanda Doubles Revenue, Sets New Record for Profitability and Institutional Partnerships

Bitpanda has reported a 2024 revenue of €393 million, more than twice the previous year's figure, and a fivefold increase in adjusted EBITDA. The company's EBITDA margin surpassed 30%, marking its strongest financial performance. Growth was driven by market expansion, new institutional partnerships, and enhancements to product range and security standards. Bitpanda now offers over 3,200 digital assets and serves more than 7 million users, with plans to localize its offerings for high-growth regions and scale its white-label platform.

Vienna-based crypto platform Bitpanda reported a significant milestone in 2024, with operating revenue reaching €393 million, more than double the previous year's figure. The company also achieved a fivefold increase in adjusted EBITDA, with an EBITDA margin surpassing 30%, marking its strongest financial performance to date [1][2].

The growth was driven by several key factors, including market expansion, new institutional partnerships, and enhancements to the product range and security standards. Bitpanda now offers over 3,200 digital assets, including more than 650 cryptocurrencies, to its over seven million users [1][2].

The company secured deeper partnerships with prominent financial institutions such as Raiffeisen Bank, N26, LBBW, Deutsche Bank, and the National Bank of Ras-Al-Khaimah. These partnerships allowed Bitpanda to broaden access to digital assets while maintaining profitability [1][2].

Bitpanda's success was not solely driven by the crypto market boom but also by its robust business model that functions regardless of market sentiment. The company's strategic focus on regulation, security, and user experience has positioned it for further growth in 2025 [1][2].

Looking ahead, Bitpanda plans to localize its offerings for high-growth regions, consolidate its position in Europe, and scale its white-label platform, Bitpanda Technology Solutions. The company also intends to lead further innovation in digital assets, particularly through regulated infrastructure tailored to financial institutions [1][2].

With regulatory approvals under the EU’s MiCAR framework and from the UK Financial Conduct Authority, Bitpanda is well-positioned to enter the UK market and potentially reach over 500 million people across Europe [1][2].

References:
[1] https://www.theinternational.at/bitpanda-doubles-revenue-in-2024-hits-e393m/
[2] https://financefeeds.com/bitpanda-doubles-revenue-in-2024-secures-record-profitability-and-expands-institutional-reach/