Bitpanda’s revenue grew 16% to €371 million in 2025 as users reached 7.4 million, MiCA licensing became active, and the company moved deeper into multi-vendor and B2B white label infrastructure.
Conclusion
- Revolut has received PRA approval to launch Revolut Bank UK with full banking status
- UK customers gain FSCS protection of up to £85,000 as accounts are migrated in stages.
- Crypto trading remains a separate uninsured entity, which defines a fintech-crypto hybrid model.
Crypto investment platform Bitpanda reported adjusted revenue of 371 million euros (about $430 million) in 2025, up 16% year-over-year, as user growth, product expansion and new licenses helped offset a volatile market base. Registered users grew 25% to 7.4 million, underscoring the Vienna-based company’s ability to scale even as competition from global exchanges and local neobrokers intensifies.
According to The Block, Bitpanda’s growth came alongside a deliberate push to broaden its product mix and deepen institutional ties. The company has expanded its lineup beyond retail crypto to include more types of assets and white infrastructure for banks and fintechs that want to “crypto in-house” without building their own stack. This strategy positions Bitpanda less as an independent exchange and more as a regulated infrastructure provider for partners who need rails for key digital assets.
Regulatory wins are probably the bigger story. Bitpanda has secured an EU-wide license for MiCA, giving it a passporting framework across the bloc when the new crypto regime takes effect in Europe. In addition, the company has specialized crypto licenses in the UK and the UAE, allowing it to be regulated in both the mature European market and the rapidly growing Middle East hub that attracts global exchanges.
For the broader market, Bitpanda’s trajectory is a snapshot of where the post-FTX industry is headed: more focus on licensing, geography and institutional partnerships, less on pure retail gear and meme flow. Exchanges that can show double-digit revenue growth while gathering regulatory approvals are likely to survive the next downturn and win mandates from banks and asset managers. For users, Bitpanda’s latest numbers show a platform that relies on regulation and scale rather than chasing dangerous corners of the market.
