Regulated German crypto exchange acquires investment bank

posted 29 days ago
Germany’s only regulated cryptocurrency exchange has acquired Bank Tremmel Wert. GmbH. The announcement by Bitcoin Group SE, the holding company behind Bitcoin.de, signals not only expanding its current trading services but also its potential to operate cryptocurrency ATMs in the country. Tremmel Bank is not only well connected with both domestic and foreign banks, but also insurance companies, asset managers and fund companies.

This places Bitcoin Group SE in an ideal position to begin offering crypto custodial services as part of an expanded service through its bank as well as expanding its cryptocurrency offerings. Tremmel’s competence in the trading of stocks, bonds, and other exchange products is sure to have been a driver in the acquisition.
Tags: blockchain, bitcoin, news