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

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

Bitmex, the cryptocurrency trading platform Bitmex announced that it has signed an acquisition contract with Bankhaus von der Heydt, an institution which is an German bank with its headquarters in Munich, Munich. It was bought and managed by BXM Operations AG, a firm 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 cryptocurrency-powered powerhouse located in central Europe by the purchase agreement signed between BXM Operations of German bank Bankhaus von der Heydt.

“Bitmex Group” is working towards the ambitious goal of opening an online store that sells everything regulated in crypto-related products throughout Germany, Austria, and Switzerland and, as a result becoming an important player within Europe,” the announcement includes.

The exchange has just launched the brokering service for cryptocurrency in Switzerland. “The deal to purchase Bankhaus von der Heydt is the next step in the group’s European expansion and further development of new products” the company said.

both parties have signed an agreement to the purchase. Share financial information that is related to or related to the transaction.

The transaction is subject to approval of BaFin, the German financial service regulator. The deal is expected to be completed by mid-2022. “Once it’s completed, the bank will operate as a separate entity,” it states in the announcement.

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

The HTML0 token was introduced at the beginning of March. Bitmex has officially announced the date of launch for their BMEX token which is a joint venture with Tokeny. However, the token “BMEX is not able to be available for trading or withdrawal until the moment Bitmex’s Spot will launch in the second quarter of 2018” The exchange has been noted and made public.

In October , the year of the CEO of the company, Bitmex said that by the close of the calendar year “we’ll discover at the very least five countries that accept bitcoin as a legal tender, known as bitcoin. Most of these will be developing countries. “