Corporate News

The trading platform of the wholly owned subsidiary www.bitcoin.de welcomes its 570,000th customer – annual target significantly exceeded

Herford, December 4, 2017 - Bitcoin Deutschland AG, the wholly-owned subsidiary of Bitcoin Group SE (ISIN: DE000A1TNV91) welcomes the 570,000th customer to Germany's largest cryptographic currency trading platform www.bitcoin.de.

Thanks to the strong demand for cryptocurrencies such as Bitcoin, Bitcoin Cash or Ethereum – which can also be traded on www.bitcoin.de – the number of users grew by 140,000 (or more than 30%) to 570,000 compared with June 30, 2017. This means that the Group not only reached its target of 480,000 users at the end of the year ahead of schedule but also significantly exceeded it at an early stage.

“Despite all the euphoria for cryptocurrencies, this sharp rise in customer demand in the second half of 2017 was not to be expected. We are very pleased about the trust of our users and will continue to work consistently on the expansion of the platform. For us, this means offering the highest possible usability, high security standards and a wide range of fungible and liquid cryptographic currencies," says Michael Nowak, Managing Director of Bitcoin Group SE.

Since June 2017, the bitcoin exchange rate has almost quadrupled to currently 9,476 euros. On a US dollar basis, it has currently exceeded the 11,000 dollars mark. Due to the high demand and the subsequent strong increase in trading revenues at www.bitcoin.de, Managing Director Michael Nowak is more than satisfied with the dynamics and development of business in the current year:

"Customer interest in cryptocurrencies has once again increased enormously in the second half of 2017. In the period from July to November, we were able to convince an average of more than 26,000 new customers per month of our offer. Compared with the first half of the year, this is more than a doubling of customer dynamics. However, in spite of the fact that our business development was well above expectations, we do not want to rest on our laurels, but rather to achieve our targets with the same ambition in 2018."


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