DGAP-News: Bitcoin Group SE plans to apply for permission to conduct crypto-custody-business within its Group of companies
DGAP-News: Bitcoin Group SE
/ Key word(s): Miscellaneous
Bitcoin Group SE plans to apply for permission to conduct crypto-custody-business within its Group of companies - Group of companies will expand its position as the leading custodian for crypto-assets in Germany - Inclusion of futurum bank AG as depositary opens up new potential in the market with institutional clients
Bitcoin Group SE, which operates Europe's largest cryptocurrency trading platform with Bitcoin.de, today, already holds the leading position in Germany as a custodian of crypto- assets. Simultaneously with the application for the permission for Bitcoin.de, permission for the 100% Group subsidiary, the futurum bank AG, is also applied for. In this way, the Group will expand its services in the business with institutional customers, which is bundled in futurum bank AG. In the future, Bitcoin Group SE will also be able to act as custodian of crypto-assets for business customers following approval by BaFin. This opens up a wider customer base and additional revenue potential. "We have a positive attitude towards the crypto-protector arrangement. It offers a number of opportunities that we would like to seize resolutely. On the one hand, it creates a reliable legal framework, which will ensure further trust on the part of our customers. On the other hand, the harmonisation of the BaFin will open up the market to other players such as banks and financial service providers. This can only be beneficial to the spread of cryptocurrencies. We are optimistic that, as a pioneer in the cryptocurrency market, we will benefit from these developments. Therefore, we will apply for the permission for the contribution of the crypto-custody-business also in the entire Group of companies," says the Managing director of Bitcoin Group SE, Marco Bodewein. About Bitcoin Group SE: Bitcoin Group SE is listed on the Primary Market of Dusseldorf Stock Exchange and on all other German stock exchanges (ticker symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9). More information on Bitcoin Group SE can be found at www.bitcoingroup.com. About Bitcoin.de: Contact: Investor Relations contact:
16.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Bitcoin Group SE |
Nordstrasse 14 | |
32051 Herford | |
Germany | |
Phone: | +49.5221.69435.20 |
Fax: | +49.5221.69435.25 |
E-mail: | [email protected] |
Internet: | www.bitcoingroup.com |
ISIN: | DE000A1TNV91 |
WKN: | A1TNV9 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 936591 |
End of News | DGAP News Service |
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936591 16.12.2019
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