Bitpanda is making ready for one more change on the prime lower than a 12 months after Lukas Enzersdorfer-Konrad turned its sole CEO. The transfer comes because the crypto dealer delays a possible preliminary public providing.
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Bitpanda mentioned he’ll stay CEO till his departure with co-founder and Chief Scientist Christian Trummer changing into Co-CEO instantly.
In response to the corporate, Trummer will add government focus to the platform’s multi-asset providing and infrastructure enterprise for monetary establishments throughout the transition.
The board has already opened a succession course of protecting inner and exterior candidates.
Enzersdorfer-Konrad intends to step down within the first quarter of 2027. He’ll be a part of Austrian lender Erste Group early subsequent 12 months in a brand new group-wide asset-management and digital-investing function, Bloomberg reported.
A Quick 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 Govt Chairman.
His exit follows a change in Bitpanda’s itemizing timetable. Studies in January indicated that the corporate was making ready for a Frankfurt IPO within the first half of 2026 at a possible valuation of €4 billion to €5 billion.
Goldman Sachs, Citigroup and Deutsche Financial institution had been reportedly chosen to rearrange the providing, though no last resolution had been made.
The itemizing stays on the agenda however has been halted due to adversarial market circumstances, Enzersdorfer-Konrad informed Bloomberg. “We’re prepared however we have to think about what the precise market timing is and what’s finest for the corporate,” he mentioned.
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 corporate elevated spending on product improvement, regulatory enlargement and worldwide progress.
In August, Austria’s Monetary Market Authority fined Bitpanda GmbH €70,000 for MiCAR disclosure and advertising and marketing breaches. The choice involved a late crypto-asset white paper and advertising and marketing 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 call a everlasting CEO, whether or not Trummer is being thought-about for the function or what place he would maintain after Enzersdorfer-Konrad’s successor is appointed.
This text was written by Tanya Chepkova at www.financemagnates.com.
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