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- Bitpanda welcomes 500,000 new users in Q2 2024, bringing total private investors to over 5 million.
- Founded in 2014, Bitpanda reached 1 million users in 2019 and now stands as Europe’s leading crypto broker.
Bitpanda Surpasses 5 Million Private Investors: A Milestone in Crypto Trading
Vienna, June 25, 2024 – Bitpanda, Europe’s leading cryptocurrency broker, has announced that it now serves over 5 million private investors, following the addition of 500,000 new users in the second quarter of 2024. This significant growth highlights the increasing trust and interest of European investors in the secure trading of digital assets.
Exponential Growth and Strategic Investments
Bitpanda, founded in 2014, has seen a rapid expansion of its user base over the years. The company reached its first million private customers in 2019, and by 2023, this number had quadrupled. By June 2024, the platform proudly announced it had surpassed the 5 million user mark. This growth trajectory underscores Bitpanda’s strategic investments and robust platform capabilities.
In recent years, Bitpanda has invested heavily in new products and business areas, positioning itself for the next wave of growth in the cryptocurrency market. The company secured several key licenses from major regulatory bodies, including BaFin, ensuring compliance with stringent regulatory standards. Furthermore, Bitpanda successfully relaunched its B2B-focused White-Label solution, Bitpanda Technology Solutions, and established vital partnerships with prominent banking institutions such as Deutsche Bank, N26, LBBW, and Raiffeisen.
These strategic moves have significantly increased investor interest from across Europe, bolstering Bitpanda’s status as the premier crypto broker in the region. Financially, the company has also reported impressive results, with revenues exceeding 100 million euros in the first quarter of 2024 alone.
Leadership Insights
Eric Demuth, Bitpanda’s co-founder and CEO, emphasized the company’s continuous innovation and rapid growth. He stated,
“Our continuous innovation and swift expansion underscore the quality of our team and product. As Europe’s largest and most regulated crypto company, we are poised to lead the future of cryptocurrency in one of the world’s crucial markets. Reaching 5 million users is a fantastic milestone, but it’s just the beginning. This year is pivotal for defining the future of cryptocurrency, and we have set ambitious goals to capitalize on it.”
Lukas Enzersdorfer-Konrad, Deputy CEO, highlighted the company’s successful regulatory compliance and strong partnerships. He commented,
“We have the right products and proven regulatory collaboration. Our partnerships with Deutsche Bank, LBBW, and FC Bayern Munich reflect the trust our users and partners have in us. It took us five years to reach our first million users, but only 12 months for the last million. Over the past three months alone, we’ve added more than 500,000 new investors. As we approach our 10-year anniversary, I am confident we have much to celebrate.”
About Bitpanda
Established in 2014 in Vienna, Bitpanda has emerged as a leading crypto broker in Europe. With over 5 million users and a comprehensive range of digital assets, Bitpanda is one of the safest and most strictly regulated trading platforms in the industry. Besides its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin, and Bucharest.
