Cryptocurrency exchange BitMEX is set to acquire Bankhaus von der Heydt, one of Germany's oldest banks, for an undisclosed price. The exchange said in a blog announcement it plans to complete the purchase in mid-2022 as the deal is yet subject to regulatory approval.
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BitMEX noted though it has already signed a purchase agreement with the Munich-based financial institution's current owner, Dietrich von Boetticher. The exchange added that the bank will continue to be operated as a standalone business unit once the deal is finalized.
Last December, BitMEX announced plans to launch its own token called BMEX. The exchange wants to airdrop BMEX tokens by February 1, 2022 to all users who passed the KYC requirements. The exchange will give away 15 more BMEX tokens for inviting three users, who must also verify their identity. The platform will also give away an as yet undetermined amount of tokens for trading.
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