Bitcoin
$60,128.12-2.46%
Ethereum
$2,878.47-4.37%
Binance Coin
$529.49-2.32%
Solana
$128.89-3.40%
XRP
$0.46967243-5.18%
Toncoin
$6.28+2.56%
Dogecoin
$0.14049244-5.31%
Cardano
$0.42453989-5.22%
Shiba Inu
$0.00002092-6.10%
Avalanche
$32.05-5.84%
Tron
$0.10613148-3.48%
Wrapped Bitcoin
$59,675.49-1.06%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
17
HR
09
MIN
38
SEC
Finance

BitMEX CEO, CFO to Buy One of Germany's Oldest Banks

Bankhaus von der Heydt was formed in 1754 and became one of the first regulated institutions in Germany to offer digital asset services.

By Jamie Crawley
AccessTimeIconJan 18, 2022 at 10:40 a.m. UTC
Updated May 11, 2023 at 5:52 p.m. UTC
Munich, Germany (Shutterstock)
Munich, Germany (Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

BXM Operations, a firm founded by the CEO and CFO of crypto trading platform BitMEX, plans to purchase Bankhaus von der Heydt, one of the oldest banks in Germany.

  • The Munich-based bank's current owner, Dietrich von Boetticher, has signed a purchase agreement with BXM, BitMEX announced Tuesday. Terms of the deal were not disclosed.
  • Bankhaus von der Heydt was formed in 1754 and has in recent years become one of the first regulated institutions in Germany to offer digital asset services.
  • The German bank offers cryptocurrency trading and custody, the latter through technology provider and crypto unicorn Fireblocks.
  • The planned purchase forms part of BitMEX's strategy to create a one-stop shop for regulated crypto products in Germany, Austria and Switzerland. It follows the launch of BitMEX Link in Switzerland, a brokerage service offering featuring spot, structured products and over-the-counter trading.
  • The transaction is subject to approval by BaFin, Germany's regulator for banking and financial services. Following completion, Bankhaus von der Heydt will continue to function as a standalone entity and BitMEX CEO Alexander Höptner and CFO Stephan Lutz will join the supervisory board.
  • Bankhaus von der Heydt confirmed BitMEX's announcement when contacted by CoinDesk.
VolumeMuteUnmute

Binance to Reenter Japan in August 2 Years After Regulator's Warning

  • FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
    02:16
    FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
  • EU Governments Friendly to Tough Bank-Capital Restrictions for Crypto
    03:54
    EU Governments Friendly to Tough Bank-Capital Restrictions for Crypto
  • EU Lawmakers Vote to Impose Restrictions on Banks’ Crypto Holdings
    04:36
    EU Lawmakers Vote to Impose Restrictions on Banks’ Crypto Holdings
  • What if Celsius Was Regulated Like a Bank? Here's What OCC's Michael Hsu Says
    00:55
    What if Celsius Was Regulated Like a Bank? Here's What OCC's Michael Hsu Says

    • Read more: BitMEX Compliance Chief Malcolm Wright Jumps to Shyft Network

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.