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.