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Peter Thiel-Backed Exchange Bitpanda Moves Closer To IPO Anticipating Massive 2024 Profits

  • Vienna-based crypto trading platform Bitpanda is considering a potential IPO in Frankfurt, which could value the company at $4 billion or more.
  • The company is in discussions with financial institutions like Citigroup and JPMorgan Chase regarding the IPO.
  • Bitpanda expects record profits in 2024 after generating €100 million in revenue in Q1 2024.
  • The company aims to enhance its offerings by providing Deutsche Bank IBANs for clients in Germany.

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