Overview
- Adjusted revenue reached €371 million as registered users rose to 7.4 million, up 25% year over year.
- Adjusted EBITDA declined to €13 million from €52 million in 2024, which management attributed to deliberate investment for scale.
- Bitpanda secured an EU‑wide MiCA license and also holds a UK Financial Conduct Authority crypto authorization and a Dubai VARA broker‑dealer license.
- The 2025 product build‑out added margin trading for 100+ assets, expanded the catalog beyond 650 coins, enabled staking for 50+ assets, and launched a web3 wallet.
- Active B2B partners increased from nine to 16 across Europe, and media reports say the firm is preparing a Frankfurt IPO in H1 2026 with major banks lined up.