Peter Thiel-backed cryptocurrency trading platform Bitpanda GmbH is considering a potential IPO in Frankfurt. 

According to the recent Bloomberg report, the crypto trading company is working with Citigroup and JPMorgan Chase and Co. It is also considering the option of selling itself according to Blooberg’s sources.

The incognito person of contact said that any deal could close with Bitpanda at $4 billion value or even more.

Any deal that Bitpanda decides to move forward with is most likely happening in the next year.  However, the company’s decision is still in the early stages and it can also opt not to go ahead with the potential transactions.

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