Bitpanda has announced that it has added 500,000 new users to its crypto trading platform, just in Q2 2024. At the moment, the cryptocurrency broker enjoys the trust of 5 million retail investors.
Summary
Bitpanda: new 500,000 users in Q2 2024 have joined the crypto trading platform
Bitpanda announced that, in the second quarter of 2024, as many as 500,000 new users registered on the crypto trading platform. The cryptocurrency broker has now reached a total of 5 million retail investors.
This milestone highlights the speed of growth and expansion of the crypto trading platform, compared to the past.
In fact, the fintech unicorn Bitpanda, founded in 2014, reached 1 million users in 2019, 4 million in 2023, and 5 million in June 2024.
Regarding this, Eric Demuth, co-founder and CEO of Bitpanda, commented:
“For a company of the size and history of Bitpanda, innovating and growing at the current pace is a testament to the quality of our team and our product. We are the largest and most regulated cryptocurrency company in Europe and we are committed to playing a leading role in shaping the future of cryptocurrencies in one of the most important markets in the world. 5 million users are a fantastic start, but it is only the beginning. This is a year of ambitions because it will define cryptocurrency for the future. We will not waste it.”
Bitpanda: the crypto trading platform reaches a revenue of over €100 million in Q1 2024
Another good news for Bitpanda concerns its revenue. In fact, the crypto trading platform has recorded over 100 million euros in revenue in the first quarter of 2024.
These results are the fruit of a continuous investment by Bitpanda in new products and services as part of a strategy aimed at preparing for the next bull run.
In 2022 and 2023, Bitpanda acquired several new licenses with major regulatory authorities such as BaFin, relaunched its whitelabel solution focused on B2B (Bitpanda Technology Solutions), and formed several industry-leading partnerships with well-known institutions such as Deutsche Bank, N26, LBBW, and Raiffeisen.
Also Lukas Enzersdorfer-Konrad, vice CEO of Bitpanda, commented as follows:
“We have the right products, we have a proven history of collaboration with regulatory authorities, we have the trust of our users and our partners, including Deutsche Bank, LBBW, and FC Bayern Munich, and we will remain absolutely focused on growth. It took us 5 years to reach our first million users. It took only 12 months to add our latest million users. In just the last 3 months, we have been joined by over 500,000 new investors. We know we are on the right path and, as we approach our 10th anniversary during the year, I know we will have much to celebrate.”
The offer of local IBANs for users in Germany
In this month of June, Bitpanda has made headlines for expanding its partnership with Deutsche Bank, managing to offer local IBANs for users in Germany.
In practice, Bitpanda and Deutsche Bank collaborate to integrate transactional accounts into the B2C broker platform. In this way, it will be possible for the crypto broker to offer real-time payment solutions for incoming and outgoing transactions to users in Germany.
This API-based account solution will provide Bitpanda access to German IBANs, simplifying and improving the user experience and ensuring trust, speed, and efficiency.
