Cryptocurrency Exchange Bitpanda is “a lot closer” to the public list than before, co-founder Eric Demuth said in an interview with the Financial Times.
Demuth has ruled out London as a possible open market debut despite Crypto Exchange's recent expansion in the UK. The lack of liquidity in stock trading is that Vienna-based Bitpanda is seeking a list of London Stock Exchange (LSE), he said.
“Everyone is away from the LSE right now,” Demut said. “LSE hasn't done much when it comes to liquidity.”
He added that the New York list is more likely based on support from the US government's support for digital assets.
This month saw the debut of the New York Stock Exchange's Crypto Firm Bullish (BLSH). This is the parent company of Coindesk, which operates a crypto exchange with the same name. Other notable companies such as Stablecoin Issuer Circle Interent (CRCL) and Trading Platform Etoro (ETOR) have also made their debut in the US market this year.
“The market is much more friendly right now… so we're now much closer (listing) than we used to be,” Dems said.
Bitpanda is also considering the Frankfurt list, considering that the Austrian company is making a large portion of its money in mainland Europe.
Bitpanda did not immediately respond to Coindesk's request for further comment.
