Bitpanda’s 2025 revenue rose 16% to €371M as users hit 7.4M, MiCA licensing went live and the firm pushed deeper into multi‑asset trading and white‑label B2B infrastructure.
Summary
Crypto investment platform Bitpanda reported adjusted 2025 revenue of 371 million euros (around 430 million dollars), up 16% year-on-year as user growth, product expansion, and new licenses helped offset a choppy market backdrop. Registered users climbed 25% to 7.4 million, underlining that the Vienna-based firm is still adding scale even as competition from global exchanges and local neobrokers intensifies.
According to The Block, Bitpanda’s growth came alongside a deliberate push to broaden its product mix and deepen institutional ties. The company has expanded its lineup beyond retail crypto trading to include more asset types and white-label infrastructure for banks and fintechs that want “crypto inside” without building their own stack. That strategy positions Bitpanda less as a standalone exchange and more as a regulated infrastructure provider for partners that need turnkey digital-asset rails.
The regulatory wins are arguably the bigger story. Bitpanda has secured an EU-wide MiCA license, giving it a passportable framework across the bloc just as Europe’s new crypto regime comes into force. On top of that, the firm holds dedicated crypto licenses in the UK and the UAE, giving it regulated beachheads in both a mature European market and a fast-growing Middle Eastern hub that is courting global exchanges.
For the wider market, Bitpanda’s trajectory is a snapshot of where the post-FTX industry is heading: bigger emphasis on licensing, geography, and institutional partnerships, less on pure retail leverage and meme flow. Exchanges that can show double-digit revenue growth while stacking regulatory approvals are the ones most likely to survive the next down-cycle and win mandates from banks and asset managers. For users, Bitpanda’s latest numbers signal a platform leaning into regulation and scale rather than chasing the highest-risk corners of the market.
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