BXM Operations AG, a company founded by our CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany. The deal is subject to approval by BaFin, the German financial services regulatory authority.
BitMEX Group is pursuing the ambitious goal of establishing a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland, and thus becoming a strong player in Europe – in addition to our global ambitions.
This step was preceded by the launch of BitMEX Link in Europe, an innovative brokerage service based in Switzerland that facilitates trading in digital assets. The acquisition of Bankhaus von der Heydt is now the next step in the Group’s European expansion and product development.
BXM Operations AG and Bankhaus von der Heydt’s current owner, Dietrich von Boetticher, have signed a purchase agreement, which will be completed only with BaFin’s regulatory approval. The transaction is expected to be complete in mid-2022.
BXM Operations AG and Mr. von Boetticher have agreed not to disclose the purchase price or other financial details of the transaction. Once the purchase is finalised, the bank will continue to be operated as a standalone business unit, with Alexander Höptner and Stephan Lutz, both German business veterans, joining its supervisory board.
Commenting on the planned purchase, Alexander Höptner said: “Through combining the regulated digital assets expertise of Bankhaus von der Heydt with the crypto innovation and scale of BitMEX, I believe we can create a regulated crypto products powerhouse in the heart of Europe.”
Stephan Lutz said: “Germany, as the largest economy in Europe, combines an innovative approach to digital assets with strong regulatory oversight and rule of law – making it a prime market for BitMEX’s expansion in Europe.”
Stay tuned to our blog for the latest BitMEX Group news and updates.
Related
The post appeared first on Blog BitMex
