European fintech unicorn sees growth amid rising demand for digital assets.
In the second quarter, the number of users increased by 500,000.
Bitpanda,
the Vienna-based cryptocurrency broker and fintech unicorn, announced Tuesday
that its user base has surpassed 5 million retail investors. The milestone
comes after a significant growth period in Q2 2024, when the number of retail
traders grew by 25%yes, .
Bitpanda's User Base
Surges to 5 Million as Crypto Interest Grows
After
taking five years to reach its first million users, Bitpanda has added another
million in just the past 12 months, reflecting surging interest in digital
asset trading across Europe. The record-high Bitcoin (BTC) prices achieved in
March and sustained throughout the second quarter also had an impact.
Enzersdorfer-Konrad, Deputy CEO of Bitpanda
"We
have the right products, a proven history of working with regulators, and
immense trust from our users and partners," said Lukas
Enzersdorfer-Konrad, Deputy CEO of Bitpanda. "It took us five years to
reach our first million users; we were able to achieve this same feat in the
past 12 months alone."
The expansion
follows a record-setting first quarter for Bitpanda, which reported revenue of $109
million. The company has been positioning itself for growth, acquiring new
regulatory licenses and launching partnerships with established financial
institutions like Deutsche
Bank and N26.
Bitpanda
has been operating as a licensed entity in the German cryptocurrency market since
late 2022, holding independent authorizations in several other European
countries, including the UK, Italy, and France.
Move to Middle East
Bitpanda is
now setting its sights on the Middle East, having recently launched operations
in Dubai. Walid BenOthman, Managing Director of Bitpanda MENA, expressed
optimism about the region's potential, citing projections that the UAE's
digital asset market could reach $616.80 million by 2028.
"With
a 25% surge in users over the past 12 months, we are confident in the strength
of the MENA region and aspire to achieve similar success over the next
year," BenOthman stated.
Bitpanda is
approaching its 10th anniversary and, according to its representatives, looks
positively towards the future. However, after very good initial months of 2024,
the cryptocurrency market is showing signs of overheating, and the price of BTC
has fallen this week to nearly two-month lows. Since the beginning of June,
Bitcoin has lost about 10%.
Bitpanda,
the Vienna-based cryptocurrency broker and fintech unicorn, announced Tuesday
that its user base has surpassed 5 million retail investors. The milestone
comes after a significant growth period in Q2 2024, when the number of retail
traders grew by 25%yes, .
Bitpanda's User Base
Surges to 5 Million as Crypto Interest Grows
After
taking five years to reach its first million users, Bitpanda has added another
million in just the past 12 months, reflecting surging interest in digital
asset trading across Europe. The record-high Bitcoin (BTC) prices achieved in
March and sustained throughout the second quarter also had an impact.
Enzersdorfer-Konrad, Deputy CEO of Bitpanda
"We
have the right products, a proven history of working with regulators, and
immense trust from our users and partners," said Lukas
Enzersdorfer-Konrad, Deputy CEO of Bitpanda. "It took us five years to
reach our first million users; we were able to achieve this same feat in the
past 12 months alone."
The expansion
follows a record-setting first quarter for Bitpanda, which reported revenue of $109
million. The company has been positioning itself for growth, acquiring new
regulatory licenses and launching partnerships with established financial
institutions like Deutsche
Bank and N26.
Bitpanda
has been operating as a licensed entity in the German cryptocurrency market since
late 2022, holding independent authorizations in several other European
countries, including the UK, Italy, and France.
Move to Middle East
Bitpanda is
now setting its sights on the Middle East, having recently launched operations
in Dubai. Walid BenOthman, Managing Director of Bitpanda MENA, expressed
optimism about the region's potential, citing projections that the UAE's
digital asset market could reach $616.80 million by 2028.
"With
a 25% surge in users over the past 12 months, we are confident in the strength
of the MENA region and aspire to achieve similar success over the next
year," BenOthman stated.
Bitpanda is
approaching its 10th anniversary and, according to its representatives, looks
positively towards the future. However, after very good initial months of 2024,
the cryptocurrency market is showing signs of overheating, and the price of BTC
has fallen this week to nearly two-month lows. Since the beginning of June,
Bitcoin has lost about 10%.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
