BXM Operations acquires von der Heydt bank

Wednesday 19 January 2022 15:46 CET | News

BXM Operations, the company behind crypto trading platform Bitmex, has purchased the Germany-based von der Heydt bank.

The acquisition still requires the approval of BaFin; the transaction is expected to close in mid-2022. The bank, which describes itself as offering blockchain technology applications and banking services for digital assets will remain an independent company even after the completion of the acquisition.

BXM has agreed not to disclose the purchase price and other financial details of the transaction. According to a Bitmex representative, the Bitmex Group is pursuing the goal of building a "one-stop-shop for regulated crypto products" in the DACH region. By combining Bankhaus von der Heydt's regulated crypto asset features and Bitmex's platform, the company can develop a provider for trading regulated crypto products.

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Keywords: acquisition, BaFin, cryptocurrency, crypto asset
Categories: DeFi & Crypto & Web3
Companies: BitMEX, von der Heydt bank
Countries: Germany
This article is part of category

DeFi & Crypto & Web3



von der Heydt bank

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