Peter Thiel-Backed Bitpanda Rejects UK Listing On Liquidity Grounds: Report

Bitpanda, the crypto exchange backed by billionaire investor Peter Thiel, has ruled out the UK as a potential listing venue, citing poor liquidity on the London Stock ￰1￱ Eric Demuth recently told the Financial Times that the exchange will instead consider either Frankfurt or New York when it moves ahead with a public ￰2￱ no timeline has been set, he stressed that London was not on the ￰3￱ noted that many companies are shifting away from the ￰4￱ pointed to British fintech Wise, whose shareholders voted last month to shift its primary listing to New York in search of deeper investor demand and better ￰5￱ added that the London bourse is struggling with weak ￰6￱ Thiel-backed crypto exchange Bitpanda rules out UK listing ￰0￱ — Financial Times (@FT) August 26, 2025 Bitpanda didn’t return Cryptonews’ request for comment by press time.

London’s IPO Market Sinks To Lowest Levels In Three Decades His remarks come as London struggles to maintain its role as a hub for initial public ￰7￱ UK’s IPO market has fallen to a 30-year low in ￰8￱ the first half of the year, only £160m ($216m) to £182.8m ($247.8m) was ￰9￱ contrast, the 2021 peak reached £8.8b ($11.88b). Even when secondary issues are included, the total remains the weakest fundraising environment in ￰10￱ said another factor behind the decision was that Bitpanda had only recently launched in the UK and still generated most of its revenue from continental ￰11￱ Looks To Align With Markets Offering Greater Liquidity The company’s stance reflects a broader trend.

Increasingly, crypto firms are choosing to go public in the US or continental ￰12￱ these regions, regulators and investors are seen as more receptive. Moreover, the New York Stock Exchange and Nasdaq have emerged as the leading ￰13￱ are being buoyed by friendlier policies under the Trump administration and an influx of institutional ￰14￱ this year, Circle, the issuer of the USD Coin stablecoin, raised $1.05b on the NYSE at a valuation of roughly $8b. The Winklevoss twins’ Gemini exchange and crypto custodian BitGo have also filed to list in the ￰15￱ Thiel-backed venue, Bullish, floated on the NYSE this ￰16￱ contrast shows London’s struggle to compete with deeper markets ￰17￱ the UK has sought to position itself as a fintech leader, thin trading volumes and diminished investor appetite have raised doubts about its attractiveness for high-growth technology ￰18￱ Bitpanda, the decision points to its broader ambition to align with jurisdictions offering liquidity, regulatory clarity and investor ￰19￱ nearly a decade of operations across Europe and support from prominent backers, the exchange is positioning itself to follow the playbook of its peers and tap global capital markets.