Crypto Broker Bitpanda’s Co-Founder Steps Down After Record Year

Bitpanda GmbH’s Co-Chief Executive Officer Paul Klanschek is stepping down from his role at the helm of the crypto brokerage, following a year of record earnings and as the company weighs strategic options.

Deputy CEO Lukas Enzersdorfer-Konrad will replace Klanschek, who will take on an advisory role, the company told Bloomberg. Klanschek has led the Vienna-based crypto trading platform alongside co-CEO Eric Demuth since the two co-founded the company in 2014. Demuth will remain co-CEO, the company said.

Bitpanda has been assessing strategic options, including a potential stock listing in Frankfurt that could value the company at $4 billion ...