Bitcoin Group buys this German neobank after BitMEX attempt

The next will be the good one? Bitcoin Group, which is a holding company based in Germany, wants to acquire the bank Bankhaus von der Heydt. It offers crypto services to its customers. One more step towards the mass adoption of Bitcoin?

Bankhaus von der Heydt: after BitMEX, Bitcoin Group is trying its luck

According to a article from October 21 of Bloomberg LawBitcoin Group is reportedly planning toto buy the Munich-based bank. This last had entered into a partnership with Fireblocks last year, to offer crypto services to its customers.

At the end of this operation, the bank would be valued at 20 million euros. The Bankhaus von der Heydt would then join the Bitcoin Group wallet. He currently owns shares in Futurum Bank AGthe company behind the crypto platform bitcoin.deand the financial services provider Sineus Financial Services.

However, to carry out this operation, Bitcoin Group could meet the same obstacles that BitMEX. The exchange had planned to buy the Bankhaus von der Heydt in January of this year. The two parties had canceled this acquisition project, by mutual agreement.

No official statement had revealed the reasons for this cancellation. Nevertheless, this purchase must obtain the green light from the German regulator, the BaFin.

Will Bitcoin Group succeed in meeting the challenge of regulatory conformity, knowing that one of the BaFin executives had strongly criticized decentralized finance earlier this year. Moreover, the MiCa law is one step away from being ratified.

Don’t wait for your bank to be taken over by a major player in the crypto sector. Take a step ahead and choose peace of mind to gently immerse yourself in the world of cryptocurrencies. By registering on FTX via this JDC commercial link, you will also get a lifetime discount on trading fees.

John R. Zepeda

I have extensive experience working as a content writer in the areas of cryptocurrencies and finance, where I create interesting pieces that both inform and engage their audiences.

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