Bitpanda predicts record-breaking profits in 2024 with over $100 million revenue in Q1

Exciting news from Bitpanda GmbH, a leading fintech company based in Vienna! They are projecting record profits for 2024, making waves in the global financial market. Thanks to expanding bank partnerships and the growth of digital assets, this crypto broker is set for a bright future ahead.

Bitpanda GmbH, headquartered in Vienna, Austria, offers a range of trading services to simplify the investment process. Established in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer, the company is a key player in the crypto trading industry.

2024: On Track for Unprecedented Success

Bitpanda GmbH saw a significant uptick in revenue after netting €148 million ($160 million) in 2023. Impressively, the company has already generated over €100 million in revenue in the first quarter of 2024.

This remarkable turnaround follows a challenging year in 2022, where losses exceeded €130 million. However, Bitpanda managed to secure a pre-tax profit of €13.6 million last year. The surge in crypto asset trading, a more efficient cost structure, and strategic bank partnerships for investment services have all contributed to this growth.

Despite recent market volatility for BTC, ETH, and XRP, Bitpanda remains optimistic about 2024. While the global trading volume fluctuates, the company is ready for the highs and lows of the crypto market.

Eric Demuth, CEO & Founder of Bitpanda, expressed confidence, stating, “We can weather long bear markets and thrive in bull markets with high-profit margins.” With this positive outlook, Bitpanda is set to achieve record profits in 2024.

Exciting Crypto Updates from Bitpanda

Adding to its innovative offerings, Bitpanda recently included FLOKI, a popular dog-themed meme coin, in its Meme Coin Leaders Index.

Furthermore, Bitpanda partnered with Germany’s largest federal bank LBBW to provide users with crypto custody services.

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