Bitpanda CEO to Depart as Crypto Broker Delays | Crypto Work Pro
Bitpanda is making ready for one more change on the prime much less than a 12 months after Lukas Enzersdorfer-Konrad turned its sole CEO. The transfer comes as the crypto broker delays a potential initial public offering.
London’s trading industry is coming home!
Bitpanda stated he’ll stay CEO till his departure with co-founder and Chief Scientist Christian Trummer turning into Co-CEO instantly.
According to the company, Trummer will add government focus to the platform’s multi-asset offering and infrastructure business for financial establishments during the transition.
The board has already opened a succession course of masking inner and exterior candidates.
Enzersdorfer-Konrad intends to step down within the first quarter of 2027. He will be part of Austrian lender Erste Group early subsequent 12 months in a new group-wide asset-management and digital-investing position, Bloomberg reported.
A Short Tenure as CEO
Enzersdorfer-Konrad joined Bitpanda in 2018 and have become Deputy CEO in July 2022. He was appointed Co-CEO in August 2025 and have become sole CEO in November when co-founder Eric Demuth moved to the board as Executive Chairman.
His exit follows a change in Bitpanda’s itemizing timetable. Reports in January indicated that the company was making ready for a Frankfurt IPO within the first half of 2026 at a potential valuation of €4 billion to €5 billion.
Goldman Sachs, Citigroup and Deutsche Bank have been reportedly chosen to prepare the offering, though no closing determination had been made.
The itemizing stays on the agenda however has been halted as a result of of hostile market situations, Enzersdorfer-Konrad informed Bloomberg. “We are ready but we need to consider what the right market timing is and what’s best for the company,” he stated.
EBITDA Falls as Spendings Rise
Bitpanda reported €371 million in adjusted income for 2025, up 16%. Adjusted EBITDA fell 75% to €13 million as the company elevated spending on product development, regulatory growth and worldwide growth.
In August, Austria’s Financial Market Authority fined Bitpanda GmbH €70,000 for MiCAR disclosure and advertising breaches. The determination involved a late crypto-asset white paper and advertising issued earlier than the required disclosure; it didn’t contain custody, withdrawals or restrictions on Bitpanda’s licence.
Bitpanda has not disclosed when it expects to identify a everlasting CEO, whether or not Trummer is being thought-about for the position or what place he would maintain after Enzersdorfer-Konrad’s successor is appointed.
This article was written by Tanya Chepkova at www.financemagnates.com.
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