.BitMEX plans to acquire one of Germany's oldest banks to boost its European expansion. StellarOrg stablecoins $EURB
The goal of this acquisition is to ensure the launch of regulated and approved crypto products in
, Switzerland and Austria in the near future. Once this is achieved, BitMEX Group may become a strong crypto player and service provider in the European market.Prior to this, the company set up a BitMEX link in Switzerland—a platform that offers brokerage trading in cryptocurrency assets. The upcoming purchase of the aforementioned German bank will be the next step in the company's expansion in Europe.
The deal, once approved by BaFin, is likely to be closed in the middle of this year. After the purchase, the bank will keep operating as a separate banking unit with heads of BXM Operations, Alexander Höptner and Stephan Lutz , joining the supervisory board of the bank.Bankhaus von der Heydt launches Europe's first stablecoin on Stellar
In December 2020, Bitbond, together with Bankhaus von der Heydt, emitted the first stablecoin in Europe based on the Euro: EURB. The coin was created on theThis is now the first stablecoin on the crypto market made by a banking institution and a crypto company.and Bankhaus von der Heydt are now issuing Euro Stablecoin , the first stablecoin issued directly by a banking institution on Stellar.
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