Bitpanda Abandons LSE Listing Amid Liquidity Concerns Considers Frankfurt or New York

European cryptocurrency exchange Bitpanda has opted against pursuing a listing on the London Stock Exchange (LSE), according to reports, citing concerns over liquidity in the city’s capital markets [1]. The exchange, backed by billionaire Peter Thiel and founded in 2014, is now reportedly considering alternative listing options in Frankfurt or New York, though no final decision has been reached [2]. Co-founder Eric Demuth told the Financial Times that liquidity challenges at the LSE could persist for years, influencing the firm’s strategic recalibration [1].

The move away from London highlights the broader challenges facing crypto firms seeking public funding in traditional financial hubs. Analysts suggest that London, once a preferred destination for fintech and crypto companies, has faced shifting market dynamics, driven in part by regulatory uncertainty and a diminished appetite from institutional investors [1]. This has prompted several firms to explore more mature markets with clearer regulatory frameworks, such as the U.S. or Germany.

A potential listing in New York would offer access to one of the world’s largest capital markets but comes with more stringent compliance requirements. A Frankfurt listing, meanwhile, might appeal to Bitpanda’s European user base and align with Germany’s growing fintech ecosystem and relatively stable regulatory environment [1]. The firm has not yet announced a timeline for any new listing, underscoring the complexity of navigating both market and regulatory conditions.

Bitpanda’s strategic shift reflects the evolving landscape for crypto firms seeking public funding. As the industry matures, companies must weigh liquidity, regulatory clarity, and macroeconomic factors more carefully. The firm’s decision to pivot from London also signals a broader trend of institutional caution toward traditional financial centers in the context of crypto asset listings [1].

The wider market environment remains underpinned by uncertainty, including the ongoing impact of U.S. President Trump’s tariff policies, which have created volatility in traditional markets and indirectly affected investor sentiment in the crypto space [3]. While direct impacts on digital assets have been limited, the macroeconomic ripple effects—such as inflationary pressures and slower economic growth—pose risks to capital availability and fundraising timelines for crypto firms.

Bitpanda’s recalibration underscores the increasing alignment between crypto exchanges and traditional financial infrastructure, as well as the growing importance of liquidity and regulatory clarity in public market strategies. The firm’s next move will be closely watched as an indicator of broader trends in the sector.

Source:

[1] Benzinga - [https://www.benzinga.com/crypto/cryptocurrency/25/08/47326365/peter-thiel-backed-crypto-exchange-snubs-london-listing-amid-liquidity-concerns-weighs-frankfurt-or-new-york-report](https://www.benzinga.com/crypto/cryptocurrency/25/08/47326365/peter-thiel-backed-crypto-exchange-snubs-london-listing-amid-liquidity-concerns-weighs-frankfurt-or-new-york-report)

[2] Ground News - [https://ground.news/article/bitpanda-rejects-uk-listing-due-to-liquidity-concerns-blockchain-and-cryptocurrencies-tabloid](https://ground.news/article/bitpanda-rejects-uk-listing-due-to-liquidity-concerns-blockchain-and-cryptocurrencies-tabloid)

[3] FINVIZ.com - [https://finviz.com/news/149416/are-president-trumps-tariffs-finally-hitting-crypto](https://finviz.com/news/149416/are-president-trumps-tariffs-finally-hitting-crypto)