Bitpanda Co-founder: We are actively evaluating IPO plans, but will not list in London

Eric Demuth, co-founder of the crypto exchange Bitpanda, told the Financial Times that while Bitpanda is actively evaluating IPO plans, it "will not be in London." Instead, the company is considering listings in Frankfurt or New York, but has not yet set a specific timeline. "Right now, the London Stock Exchange isn't doing very well from a liquidity perspective," Demuth said. "I hope things will get better, but I think it's going to struggle for the next few years." Demuth noted that several companies, including the British fintech company Wise, have already moved their primary listings overseas or are in the process of doing so to attract more investors.