Bitpanda, a leading European crypto exchange with over seven million users, is planning an IPO on the Frankfurt Stock Exchange targeting a valuation between $4.7 billion and $5.8 billion. The Vienna-based firm has enlisted Goldman Sachs, Citigroup, and Deutsche Bank to support the listing process, expected as early as the first quarter of 2026. This move follows a trend of major crypto companies preparing for public offerings, highlighting the growing institutionalization of the crypto sector.