German Bank VPE Brings Cryptocurrency Trading to Institutional Investors

[kreslik.news]

German bank VPE has partnered with Berlin-based fintech company ‎solarisBank to facilitate cryptocurrency trading for institutional ‎investors, like hedge and pension funds.‎

The Securities trading provider is regulated by Germany’s financial ‎watchdog, BaFin, and will become the first to offer such services in the ‎country.‎

VPE said the ecosystem wasn’t prepared to handle large traders a ‎couple years ago, and their customers weren’t asking for such digital assets. ‎That all changed in 2017 when the crypto-market went mainstream as an ‎asset class.‎

Unlike established financial markets, cryptocurrency trading is dominated by ‎individual investors, which is evident by almost every metric, including the sharp price ... (read more)