Crypto Exchange Bitpanda Excludes LSE from Listing Plans Due to Liquidity Concerns

Bitpanda, a European cryptocurrency exchange, has confirmed it will not pursue an initial public offering (IPO) in London.

Co-founder Eric Demuth attributed the decision to the weak liquidity and ongoing struggles of the London Stock Exchange. This move reflects a broader trend of companies like Wise shifting listings away from the UK.

The LSE is currently facing a severe downturn, with first-half fundraising plunging to its lowest level in thirty years, raising questions about London’s competitiveness as a global financial hub.