News Snapshot:
A company founded by the current CEO and chief financial officer of cryptocurrency exchange BitMEX has announced plans to buy one of Europe’s oldest banks and establish a one-stop-shop for regulated crypto products in Germany, Austria, and Switzerland. BXM Operations AG, founded by BitMEX CEO Alexander Höptner and CFO Stephan Lutz, plans to buy Bankhaus von der Heydt, a bank located in Munich, Germany, subject to approval by BaFin, the German financial services regulator. Launched in Hong Kong in 2014, BitMEX was co-founded by African American crypto pioneer Arthur Hayes, becoming one of the earliest and largest crypto derivatives exchanges....
