Vienna-based crypto platform Bitpanda continued its growth trajectory in 2024, generating operating revenue of €393 million—more than double that of the previous year. The company also reported that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased more than fivefold, though no specific EBITDA figure was provided. CEO and co-founder Eric Demuth called it the platform’s “strongest year to date.”
Key milestones cited for 2024 included deeper partnerships with Raiffeisen Bank and Berlin-based smartphone bank N26, founded by Austrians. The company also credited its success to expansion in key European markets and continued investments in its product portfolio.
Bitpanda benefited from the cryptocurrency boom, especially the surge in Bitcoin, which gained momentum under the crypto-friendly policies of U.S. President Donald Trump. However, according to deputy CEO Lukas Enzersdorfer-Konrad, market conditions were only one factor: “We’ve built a business model that functions regardless of market sentiment,” he said, adding that the company’s metrics were not solely the result of a strong crypto year.
UK Market Expansion and EU License
Looking ahead, Bitpanda plans to expand into the UK market, having already secured regulatory approval. The company also holds an EU-wide crypto license under the MiCAR regulation, which came fully into effect in 2025.
Media reports suggest Bitpanda may be preparing for an IPO in Frankfurt, although no official confirmation has been given. Founded in 2014, Bitpanda offers retail investors the ability to trade cryptocurrencies, stock derivatives, and commodities. According to the company, the platform is currently used by over seven million people.
