Crypto Exchange Bitpanda only posted her strongest financial year on records, offering revenue more than doubled partnership and regulating, offering drive development.
Summary
- Bitpanda reported € 393 million in the 2024 revenue, approximately $ 426 million, already 162%.
- The growth of the exchange is powered by regulated product offerings, market expansion and institutional partnership.
For a press release shared with Crypto.news, the Vienna-based Crypto reports a $ 426 million in the operating recanue for 2024, recorded in the year of $ 163 million.
The company said that the film is a milestone in profitability and scalability, the most successful year in 2024 since the launch. The number of Bitpanda crosses the choice of market leaders such as coinbase and benns, which was raw for Yahoo finance data, respectively in the same period, 115% and 40%.
In terms of trading volume, the exchange Total recorded an increase of 223% alone in the second quarter of 2024, with 113% spike in new user registration compared to Q2 2023.
The bounce made at the speed around the exchange already. Kaiko Research said that in 2023 the growing regulator pressor in the US had pushed more users towards global options, European Union-based platforms such as Bitpanda had seen a notable boost in the activity ever since.
Despite the utterance, how, Bitpanda is still behind the major exchanges in the scale. The coinbase drawn at $ 6.6 billion in revenue last year, made a 50%impact margin, with $ 3.3 billion in adjuzus earning before the interest, taxes, depreciation and refinement (Ebitda). Bitpanda, from control, ended the year with 30% ebitda margin, which promotes strong cost controls but a small opening.
Commenting on the development of the year, Bitpanda CEO and co-founder Eric Demoth results serve as a will for its attention, stating that the facts determine the platform for forex.
“2024 was our stringst year, because in terms of delivery and financial performance,” Syed said in this statement that the exchange has now been posted further in 2025.
Partnership and permit drive bitpanda development
Bitpanda said that its revenue girls were fuel by combining a wave of regulated product offers, market expansion and institutional partnership. These include relations with traditional financial institutions and deals with various banking giants, which increase the 2024 partnership with Duthe Bank of Germany to process Fiat transfer.
The new market entry also includes the revenue to jump into revenue, including crypto.news expanding its regulator footprint by obtaining licenses in several courts with exchange.
Looking forward, Bitpanda is now planning to expand further in the near future European Union and Britain. His Allyady acquired the MICA license and regulatory approval from the UK’s Financial Conduction Authority, the purpose is to develop its offerings in unkapped markets for a long time.