Germany: Bitcoin.de Crypto Exchange Operator to Acquire 100% of Investment Bank Tremmel
German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, Cointelegraph auf Deutsch reports today, Nov. 13.
Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the country’s only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according to its website focuses on securities trading, the crypto holding will in turn obtain the use of Tremmel’s banking license.
As a press release from Bitcoin Group SE states, the banking license will allow the holding to “significantly expand” its crypto-related offerings and operate ATMs for cryptocurrencies in Germany, stating it would be able to: “[...]issue its own cryptocurrency products, carry out proprietary trading in cryptocurrencies, and operate cryptocurrency ATMs is now available under the securities service provider's banking license.”
