Bitpanda reports $430 million adjusted revenue in 2025 as user base grows 25%

Bitpanda reported €371 million ($430 million) in adjusted revenue for fiscal year 2025, marking a 16% increase from the previous year, as the European crypto broker expanded its user base and product offerings.

Adjusted EBITDA totaled €13 million ($15.1 million), down from €52 million ($60.2 million) in 2024, reflecting what the company described as deliberate investments aimed at accelerating product development, regulatory expansion, and international growth.

Bitpanda also said it increased its registered user base by 25% from 5.9 million in 2024 to 7.4 million by the end of 2025, while expanding its active business-to-business partner base from nine to 16 institutional partners across Europe.

Product expansion and regulatory footprint

During the year, Bitpanda introduced margin trading for more than 100 crypto assets, expanded its asset offering to more than 650 digital assets, and enabled staking for more than 50 assets. The company also launched a web3 wallet, strengthening its onchain capabilities.

The firm also continued to broaden its regulatory footprint, securing an EU-wide MiCA license along with crypto licenses in the UK and the UAE as it expanded into additional markets, including Latin America and the Asia-Pacific region.

CEO Lukas Enzersdorfer-Konrad said the company 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." 

CFO Jonas Larsen added that the company demonstrated "the resilience and scalability of our business model" while continuing to grow its user base and revenue.