Cryptocurrency trading platform Bitpanda's Q1 net income exceeds 100 million euros

ChainCatcher news, according to Bloomberg, cryptocurrency trading platform Bitpanda, backed by billionaire Peter Thiel, expects that bank trading and the rise of digital assets may drive the company's profits to rebound to record levels in 2024.

Bitpanda stated in a statement that following a net sales of 148 million euros (160 million dollars) in 2023, revenue is soaring, with net business income exceeding 100 million euros in the first three months of 2024.