European crypto exchange Bitpanda announced a 16% increase in adjusted revenue for the 2025 fiscal year, reaching $430 million (3.71 billion euros). The platform's registered user base expanded by 25% to 7.4 million. Despite strategic investments in product development, regulatory compliance, and international expansion, Bitpanda's adjusted EBITDA fell to $15.1 million from $60.2 million in 2024. The company has secured regulatory licenses under the EU's MiCA framework, as well as in the UK and UAE.