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

Quick Summary:

Bitpanda GmbH, the Vienna-based crypto trading platform backed by billionaire investor and PayPal co-founder Peter Thiel, is reportedly considering a range of strategic options, including a potential initial public offering (IPO) in Frankfurt.  According to a Bloomberg report, the company is currently in discussions with major financial institutions such as Citigroup Inc.

Furthermore, speculation surrounding a possible victory by pro-crypto Republican candidate Donald Trump in the upcoming US presidential election has further fueled optimism in the market.

Moreover, in a bid to enhance its offerings, Bitpanda announced in June that it would provide Deutsche Bank IBANs for clients in Germany, facilitating real-time transfers to and from brokerage accounts.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryGermany

Topics: Bitpanda news Cryptocurrency BTCUSDT Peter thiel Bitpanda Crypto News Crypto news Bitpanda IPO Cryptocurrencies Bitcoin ETF Crypto regulation Digital currency Crypto DeFi Bitcoin price Btcusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 05:00:12 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23319386

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 11 hours ago

Coverage Areas: Hungary

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