Bitcoin Group was interested in buying Bankhaus von Der Heydt Bank

Bitcoin Group holding, oriented to cryptocurrencies, considers several companies for absorption, including the German bank Bankhaus von Der Heydt (BVDH). This is written by Bloomberg Law.

Representatives of the credit institution confirmed the fact of negotiations.

According to the sources of the agency, we can talk about the amount of € 20 million ($ 19.6 million).

The BVDH operating since 1754 in 2021 in partnership with Fireblocks offered customers related to cryptocurrencies of services. In the light of high technological costs and low profitability, management decided to look for a buyer.

Bitcoin Group includes Futurum Bank and Sineus Financial Services (share 50%) with Bafin license . The first is the operator of the cryptotted platform Bitcoin.de.

Bitcoin Group seeks to create a portfolio of companies that meet the requirements of its investors in terms of risk diversification https://gagarin.news/ru/news/white-bit-to-collaborate-with-the-netflix-streaming-platform/ and potential profitability.

Recall that in January BITMEX cryptoderivati ​​exchange BXM Operations and BVDH signed an agreement on the sale of the latter.

In March, Forklog announced its cancellation. The reasons were not specified. Sources did not exclude that Bafin gave an informal signal that he was not satisfied with the BXM Operations AG and a cryptoderivat exchange recorded on the Seychelles.

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