How Many Private Investors Trust Bitpanda and Why

Europe’s leading crypto broker Bitpanda recently reached a remarkable milestone: over 5 million retail investors now use the platform to invest in digital assets.

In the second quarter of 2024 alone, Bitpanda recorded 500,000 new users, underscoring investors’ continued confidence in the platform and the crypto industry as a whole.

Rapid growth and increasing user numbers

Since its founding in 2014, Bitpanda has grown steadily and is now a prominent fintech company in Europe. After reaching the 1 million user mark in 2019, the numbers have continued to rise: 4 million users in 2023 and now 5 million in June 2024. This impressive growth cements Bitpanda’s position as one of the most dynamic fintech companies in Europe.

Financial success and strategic investments

The year 2024 brought not only a growing user base but also financial records for Bitpanda . In the first quarter of 2024, the company generated revenue of over 100 million euros, highlighting the platform’s attractiveness for European investors.

The last few years have been characterized by intensive investments in new products and business areas. Bitpanda expanded its offering and received important licenses from regulatory authorities such as BaFin. In addition, the B2B white label solution, Bitpanda Technology Solutions, was successfully relaunched.

These measures, combined with strategic partnerships with banks such as Deutsche Bank, N26, LBBW and Raiffeisen, significantly strengthen Bitpanda’s market position.

Statements from managers

Eric Demuth, co-founder and CEO of Bitpanda, emphasizes the importance of the team and innovation for the company’s success: “Our rapid growth and innovation are the result of hard work and the quality of our team. As the largest and most regulated crypto company in Europe, we have the ambition to continue to play a leading role in shaping the future of the crypto industry. 5 million users is a fantastic milestone, but we are far from the end of our journey.”

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, adds: “With the right products and strong partnerships, we are on the right track. It is impressive to see how we have reached the 5 million user mark – in the last 12 months alone we have added the last million. Our cooperation with regulators and partners such as Deutsche Bank and FC Bayern Munich shows that we are building on a solid foundation. Bitpanda’s 10th anniversary is just the beginning of what we still want to achieve.”

Bitpanda future prospects

Bitpanda is looking forward to a promising decade of continued growth and innovation. With a clear focus on the needs of its users and collaboration with key industry players, Bitpanda is well positioned to continue to play a leading role in the crypto industry. The company plans to continue investing in new technologies and markets to offer its users the best opportunities in the digital asset space.

Bitpanda’s impressive growth and continuous progress show that the company is on a sustainable path to success. With strong financial results, a growing user base and strategic partnerships, Bitpanda remains a beacon of the European crypto industry.

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(Featured image by sergeitokmakov via Pixabay)

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