Regulating Crypto Products for Germany, Austria and Switzerland From Bitmex Exchange By Mid 2022

Bitmex has purchased the assets of an German bank to build a authorized cryptocurrency-powered energy source. The company will provide crypto-related services for Germany, Austria, and Switzerland through an integrated central point.

Bitcoin, the crypto exchange Bitmex announced it had signed an acquisition contract with Bankhaus von der Heydt, an institution which is an German bank with its headquarter in Munich, Munich. It was purchased and managed by BXM Operations AG, a company that was founded in of 2000, in 2000 by Bitmex CEO/CFO Alexander Hoptner and CFO Stephan Lutz.

Bitmex tweeted Tuesday:

One step has been taken to establish a crypto-powered powerhouse within Europe’s middle. Europe by the purchase agreement signed between BXM Operations of German bank Bankhaus von der Heydt.

“Bitmex Group” is striving towards its goal of creating an online store that sells everything regulated in crypto-related products throughout Germany, Austria, and Switzerland and, consequently becoming a major player across Europe,” the announcement includes.

The exchange has just launched the crypto-based brokerage in Switzerland. “The acquisition of Bankhaus von der Heydt is the next step in the group’s European expansion and further development of new products” the company stated.

both parties have signed an agreement to the purchase. exchange financial information in connection with or related to the transaction.

The transaction is subject to approval of BaFin, the German financial regulatory body for services. The transaction is expected to be completed by mid-2022. “Once the deal is approved, the bank will operate as a separate company,” it states in the announcement.

The Bitmex’s CFO expressed his opinions and stated: “Germany, as the largest economy in Europe, is subject to law, making it the perfect place to expand the operations of Bitmex into Europe. “

The HTML0 token was announced in the beginning of this month. Bitmex has officially announced the date of launch for their BMEX token which is a joint venture with Tokeny. However, the token “BMEX cannot be available for trading or withdrawal until the moment Bitmex’s Spot is launched in Q2 of this year” The exchange has been noted and made public.

In October , the year of the CEO of the company, Bitmex said that by the closing of the year “we’ll be able to identify at least five countries that will recognize bitcoin as a legal tender, known as bitcoin. Most of them will be emerging countries. “