BitMEX execs reveal EU expansion with German bank acquisition By

Founded by BitMEX Group CEO Alexander Höptner and chief financial officer Stephan Lutz, BXM Operations AG announced Tuesday its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland.

Dietrich von Boetticher, the owner of the German bank, and BXM have already signed a purchase agreement. However, it still requires the approval of BaFin, the German financial services regulatory authority. The purchase is expected to be complete by mid-2022.