European cryptocurrency platform Bitpanda will start stock and ETF trading from Jan. 29 local time. Bitpanda will integrate more than 10,000 financial products into its existing app, The Block reported on Jan. 21 local time.
Founded in 2014, Bitpanda holds licences to operate in the European Economic Area and Britain and has more than 7 million users. With this expansion, Bitpanda aims to become Europe’s largest cryptocurrency, stock and ETF platform. Eric Demuth (에릭 데무스), Bitpanda chairman, said: "Just as we made cryptocurrencies simple and safe 11 years ago, we will now achieve an evolution that offers every asset class in a single app."
The expansion includes 8,000 stocks and 2,500 ETFs, and users in Austria and Germany can receive automatic tax withholding benefits. Trading fees are fixed at 1 euro per stock or ETF, and no custody fees or payment for order flow (PFOF) will be charged.
According to Bloomberg, Bitpanda is preparing an initial public offering on the Frankfurt stock exchange in the first half of 2026, with its valuation expected at $4.7 billion to $5.9 billion.
Chi-gyu Hwang
delight@d-today.co.kr