2024

Bitcoin

Coin

Bitpanda GmbH, a Vienna-based fintech company, has recently anticipated its profit to reach record highs in 2024, nabbing global attention. Coming primarily attributed to the rise of bank deals and digital-assets growth, the crypto broker expects a bullish outlook surrounding its fintech venture ahead.
Bitpanda GmbH is a fintech company based in Vienna, Austria, which streamlines a stockpile of trading services for users. Founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer, the firm is one of the leading players withing the crypto trading industry.
<h2 id="record-high-profits-in-2024-here-s-why">Record-High Profits In 2024: Here’s Why</h2>
Bitpanda GmbH has recorded a substantial surge in revenue following 2023 net sales of €148 million ($160 million). According to a recent report, the company has subsequently achieved over €100 million in business revenue during the first quarter&nbsp;of&nbsp;2024.
This comes as a monumental achievement as after facing losses exceeding €130 million in 2022, Bitpanda managed to secure a pre-tax profit of €13.6 million last year. The significant increase in <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> asset trading, a streamlined cost structure, and strategic partnerships with banks to offer investment&nbsp;services has primarily aided this development.
Concerning this, Bitpanda is anticipating a bullish trend for itself in 2024 despite the recent turbulence experienced within the cryptocurrency sector. With BTC, ETH, XRP, and others witnessing a highly volatile movement, the global trading volume continues to fluctuate.
“We can withstand long bear markets and scale significantly with high-profit margin in bull markets,” added Eric Demuth. CEO &amp; Founder of Bitpanda. Simultaneously, the firm expects record-high profits in 2024.
Also Read: <a href="https://coingape.com/bonk-price-jumps-7-amid-major-listing-announcement/" target="_blank" rel="noopener noreferrer nofollow">BONK Price Jumps 7% Amid Major Listing Announcement</a>
<h2 id="bitpanda-s-recent-cryptographic-developments">Bitpanda’s Recent Cryptographic Developments</h2>
Meanwhile, in its recent developments, Bitpanda appears to have further revolutionized its crypto offerings for users. Recently, the firm added FLOKI, a renowned dog-themed meme coin, in its <a href="https://coingape.com/bonk-price-jumps-7-amid-major-listing-announcement/" target="_blank" rel="noopener noreferrer nofollow">Meme Coin Leaders Index</a>.
Whereas, Germany’s largest federal bank LBBW partnered with <a href="https://coingape.com/bonk-price-jumps-7-amid-major-listing-announcement/" target="_blank" rel="noopener noreferrer nofollow">Bitpanda</a> for offering crypto custody to users.
Also Read: <a href="https://coingape.com/cme-launches-bitcoin-trading-growing-crypto-interest/" target="_blank" rel="noopener noreferrer nofollow">CME To Debut Bitcoin Trading Amid Growing Wall Street Interest</a>
The post <a href="https://coingape.com/bitpanda-expects-record-high-profit-in-2024-as-over-100m-revenue-in-q1/" rel="noopener noreferrer nofollow">Bitpanda Expects Record-High Profit In 2024 As Over $100M Revenue In Q1</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitpanda Expects Record-High Profit In 2024 As Over $100M Revenue In Q1

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