BitMEX confirms acquisition of German bank to launch regulated crypto products in Europe


Source: elevenews.com elevenews.com

Key Topics in this News Article:

News Snapshot:

- With the acquisition, the BitMEX Group seeks to become a one-stop destination for offering regulated crypto products in Europe. - The acquisition of Bank Bankhaus will happen by mid-2022 subject to regulatory approval from BaFin. As per the latest report, BXM Operations, a company linked to the BitMEX Group has announced that it will be acquiring one of Germany’s oldest Munich-based banks – Bank Bankhaus von der Heydt. It is a more than 250-year old bank operating in Germany since 1754. The deal will be subject to approval from Germany’s top financial regulator BaFin. The proposed acquisition will help...