Bitpanda has announced its financial results for 2025, reporting revenue growth and expansion of its user base as the digital asset platform continued to broaden its product offering and geographic footprint.
The company said adjusted revenue reached €371 million during the year, representing an increase of 16 percent compared with €321 million recorded in 2024.
Adjusted EBITDA totaled €13 million for the year. The result was lower than the €52 million recorded in 2024 as the company increased spending on product development, licensing efforts and international expansion.
Platform Expands Product Offering
During 2025 the platform expanded the range of services available to its users, including new trading features and additional digital assets.
Margin trading became available for more than 100 crypto assets during the year.
The company also expanded its digital asset offering to more than 650 assets and enabled staking services across more than 50 assets.
Bitpanda also introduced a Web3 wallet designed to expand its on chain capabilities and allow users to interact more directly with blockchain networks.
The company said these developments form part of a broader effort to position the platform as a multi asset investment environment rather than a crypto only trading venue.
User Base Continues to Grow
The company reported continued expansion in its registered user base across Europe.
Bitpanda said registered users increased from 5.9 million in 2024 to 7.4 million by the end of 2025.
This growth reflects increased participation in digital asset markets and the expansion of the company’s product offering.
The company also expanded its institutional business during the year.
The number of institutional partners increased from nine in 2024 to sixteen by the end of 2025.
These partnerships form part of the company’s B2B offering, which provides trading and infrastructure services to financial institutions and fintech firms.
International Expansion Continues
Bitpanda continued to expand its geographic reach during the year.
The company entered markets in Latin America and the Asia Pacific region.
It also launched its consumer platform in the United Kingdom.
In addition to its consumer offering, the company onboarded institutional partners in the United Arab Emirates.
These developments represent part of the firm’s effort to expand its presence beyond its core European market.
The company has increasingly focused on developing both retail and institutional segments of its platform.
Licences Strengthen Regulatory Position
The company said its regulatory framework expanded during the year as new licences were obtained in several jurisdictions.
Bitpanda received a licence under the European Union’s Markets in Crypto Assets regulation.
The firm also obtained crypto related licences in the United Kingdom and the United Arab Emirates.
These licences allow the platform to operate across a broader range of regulated markets and support expansion into new jurisdictions.
Regulatory approval has become an important factor for digital asset platforms as authorities increase oversight of the sector.
Investments Focused on Platform Development
Bitpanda said the lower adjusted EBITDA compared with the previous year reflects increased spending on platform development and international expansion.
These investments included new product features, infrastructure improvements and regulatory licensing.
The company stated that these initiatives are intended to support growth in both retail and institutional segments of the digital asset market.
Lukas Enzersdorfer Konrad, Chief Executive Officer of Bitpanda, commented, “2025 was a year of ambitious acceleration. We delivered strong top line growth while making deliberate, strategic investments to position Bitpanda as a multi asset investment and trading platform and an expanding market infrastructure provider. We are well positioned to capture long term structural growth as digital asset adoption continues to increase among both retail investors and institutions.”
Jonas Larsen, Chief Financial Officer of Bitpanda, commented, “In 2025, we demonstrated the resilience and scalability of our business model. Our strategic investments in platform capabilities, regulatory footprint and international expansion are strengthening our competitive positioning, while we have continued to achieve impressive growth in registered users and Adjusted Revenue. We remain focused on disciplined execution as we build the future of digital assets in Europe and beyond.”
Growth Reflects Expanding Digital Asset Market
The results reflect continued growth in digital asset adoption across both retail and institutional investors.
Platforms across Europe have expanded their offerings as regulatory frameworks begin to take shape under the European Union’s crypto asset legislation.
Companies are also investing in infrastructure that supports a wider range of investment products, including staking, derivatives trading and blockchain based services.
Bitpanda’s expansion into new regions and product segments reflects these broader trends across the digital asset sector.
The company said it expects the combination of regulatory licensing, product expansion and institutional partnerships to support further development of its platform.
Takeaway
Bitpanda reported revenue growth and continued expansion in 2025, with adjusted revenue rising to €371 million and registered users increasing to 7.4 million. The company expanded its product offering, added institutional partners and entered new international markets while securing regulatory licences across the EU, the UK and the UAE. Investments in platform development and expansion reduced EBITDA compared with the previous year but reflect a strategy focused on long term growth in digital asset markets.
