Bitmex acquires a Deutsche Bank to create a regulated crypto power plant in Europe-

With this purchase contract of BXM Operations of Deutsche Bank Bankhaus from Heydt, we have come a step closer to the creation of a regulated crypto power plant in the heart of Europe.

"The Bitmex Group pursues the ambitious goal of establishing a one-stop shop for regulated crypto products in Germany, Austria and Switzerland and thus becoming a strong player in Europe," says the announcement.

The stock exchange recently introduced a crypto mediation service in Switzerland. "The takeover of the Bankhaus from Heydt is now the next step in the group's European expansion and product development," added the company.

The two companies have signed and agreed that the purchase price or other financial details of the transaction do not disclose.

The deal is subject to approval by the BaFin, the German Financial Service Supervisory Authority. The transaction should be completed in mid -2022. "As soon as the purchase is completed, the bank will continue as an independent business unit," the announcement continues.

The CFO of Bitmex said: “As the largest economy in Europe, an innovative approach for digital assets combines with a strong regulatory supervision and the rule of law - which makes it a first -class market for the expansion of Bitmex in Europe.”

At the beginning of this month, Bitmex announced the introduction of his BMEX token in cooperation with Tekeny. "However, BMEX will not be deductible or tradable until the Bitmex Spot exchange starts at the beginning of the second quarter," said the stock exchange.

In October, the CEO of Bitmex that we "at least five countries until the end of this year will have Bitcoin as a legal means of payment.

What do you think that Bitmex will be a crypto power package in Europe? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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