BitMEX Group acquires one of Germany’s oldest banks
According to the BitMEX blog, BXM Operations AG has announced its intention to buy one of Germany’s oldest banks: Bank Bankhaus von der Heydt in Munich. The bank has been operating since 1754.
The purpose of this acquisition is to secure the launch of regulated and approved crypto products in Germany, Switzerland and Austria.
At the moment, the transaction is under consideration by the German financial regulator BaFin.
The deal is likely to close in the middle of this year. Following the acquisition, the bank will continue to operate as a separate banking division with BXM Operations executives CEO Alexander Höptner and CFO Stefan Lutz joining the bank’s supervisory board.