Bitpanda.com, the crypto broker platform of European fintech unicorn Bitpanda, said it added nearly 500,000 new users in Q2.
Bitpanda, which recently expanded into the UAE after securing DMCC licensing, said it has seen a significant rise in investment interest from not only Europe but also the Middle East.
The latest additions pushed the total number of the platform’s retail users to over five million.
The expansion in user base coincides with the company reporting record-setting revenue of over AED400 million in Q1 2024.
Bitpanda said the surge in retail user additions comes in the wake of investors, mainly from Europe, increasingly looking to take advantage of safe and secure digital assets trading.
We want to celebrate a new milestone with you. Now more than 5 million people in Europe have chosen investing you can trust.
— Bitpanda (@Bitpanda_global) June 25, 2024
Thank you for being #Oneof5Million ? ❤️ pic.twitter.com/96bAP3H03P
The platform launched Bitpanda MENA in early May at the recent edition of the Dubai Fintech Summit.
The company said the move was to cater to the growing demand for digital assets that it is observing from the country and the wider region.
Managing Director Walid BenOthman said while the company is proud of its progress in Europe and the overall success it has achieved over the past decade, this growth has not been rooted in complacency.
“That is why we are now targeting the Middle East, to further strengthen our global standing as an unparalleled fintech,” he said.
BenOthman said with a 25 percent surge in users over the past 12 months, the company is confident in the strength of the MENA region and aspires to achieve similar success over the next year.
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