Bitpanda has decided against proceeding with a public listing in London, primarily due to concerns regarding weak liquidity on the London Stock Exchange (LSE). Co-founder Eric Demuth explained that while the company was considering going public, London would not be its choice for a listing. Instead, Bitpanda is exploring potential listings in Frankfurt or New York, although no specific timelines have been established. Demuth noted that the LSE has been struggling recently, stating that its liquidity challenges could hinder growth. This decision comes amidst a significant IPO drought in the UK, with listing amounts decreasing to a 30-year low, raising alarms about London's competitiveness in the global financial market. The UK's regulatory approach to crypto has also attracted criticism, further influencing companies like Bitpanda to seek more favorable environments abroad. As many crypto firms pivot to the US for capital market opportunities, Bitpanda joins other exchanges considering similar moves, reflecting a shift in strategy within the crypto space.

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