“We’re one step closer to creating a regulated crypto powerhouse in the heart of Europe with this purchase agreement,” said Bitmex. bitcoin cryptocurrency crypto
Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”Cryptocurrency exchange Bitmex announced Tuesday a purchase agreement of Bankhaus von der Heydt, a German bank located in Munich, by BXM Operations AG, a company founded by Bitmex CEO Alexander Höptner and CFO Stephan Lutz.
The exchange recently launched a crypto brokerage service in Switzerland. “The acquisition of Bankhaus von der Heydt is now the next step in the Group’s European expansion and product development,” the company added. The deal is subject to approval by BaFin, the German financial services regulatory authority. The transaction is expected to be complete in mid-2022. “Once the purchase is finalized, the bank will continue to be operated as a standalone business unit,” the announcement adds.
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