Latest Commentary from BitMEX
BXM Operations Intends to Purchase German Bank Bankhaus von der Heydt in Order to Create Regulated Crypto Products Powerhouse
BXM Operations AG, a company founded by our CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany. The deal is subject to approval by BaFin, the German financial services regulatory authority.
BitMEX Group is pursuing 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 – in addition to our global ambitions.
This step was preceded by the launch of BitMEX Link in Europe, an innovative brokerage service based in Switzerland that facilitates trading in digital assets. The acquisition of Bankhaus von der Heydt is now the next step in the Group’s European expansion and product development.
BXM Operations AG and Bankhaus von der Heydt’s current owner, Dietrich von Boetticher, have signed a purchase agreement, which will be completed only with BaFin’s regulatory approval. The transaction is expected to be complete in mid-2022.