Bitpanda GmbH, the cryptocurrency broker backed by billionaire Peter Thiel, expects bank deals and a digital-asset rally to propel record profit this year.
Revenue is surging following 2023 net sales of €148 million ($160 million), with Bitpanda already netting more than €100 million of business in the first three months of 2024, the company said in a statement to Bloomberg.
The closely held Viennese company booked a €13.6 million pre-tax profit last year after more than €130 million of losses in 2022. It’s benefiting from renewed trading in crypto assets, a revamped cost structure as well as deals with banks ...
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