on August 1st, according to Bloomberg, the European cryptocurrency platform Bitpanda announced that co-CEO Paul Klanschek will step down from his management position and take on the role of company advisor. Current Deputy CEO Lukas Enzersdorfer-Konrad will take over his position. Another co-founder and co-CEO Eric Demuth will continue to stay. It is reported that the company is evaluating multiple strategic options, including the possibility of listing on the Frankfurt Stock Exchange, with an estimated valuation of up to $4 billion. Klanschek and Demuth founded this Vienna-based cryptocurrency exchange platform together in 2014.