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VPE bank opens Bitcoin [BTC] and crypto exchange for whales

Neil Kumar

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VPE launches exchanges for whales
Source: Flickr

Germany’s VPE Wertpapierhandelsbank AG [VPE] has announced its institutional investor cryptocurrency trading services and claims to be the first of their kind for the country.

Armed with a Bafin license and partnering with SolarisBank a Berlin-based company to launch cryptocurrency trading services, VPE purports to offer ‘best-in-class technology ‘

It provides investors with necessary infrastructure to acquire a stake in promising projects.

VPE is a German-centric based OTC trader. The bank offers clearing services, financial advice, advancing of loans and various other services to meet customer needs. As a securities bank VPE has an impressive track record and has access to the appropriate networks and technical requirements for processing individual transactions.

An AG spokesperson Katharina Strenki stressed:

“Until now, institutional investors have faced high barriers to crypto trading. Our cryptocurrency trading services offer a much more convenient alternative.”

Ms Strenki also details:



“Cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others have become a promising asset class in the recent years. To date trading, digital tokens have been restricted to crypto exchanges and online marketplaces. We are pleased to be the first German bank to offer cryptocurrency trading services to our customers. “

Super Crypto, a Twitterati says:

“Germany Gets Its First Crypto Exchange for Institutional Investors – Don’t start flying Lambo to moon yet. Institutional Investors earn profits on both the sides (Long & Short). They WILL Pump & they WILL Dump. – Banks are not UNIDIRECTIONAL Retards”

FredW, another Twitterati says:

“The game is changing. Those big players together with regulations will act as catalyst to winnow most useless shitcoins. A few coins which brings solution to our real world problem will gradually fly to the moon.”





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Neil Kumar has been working as a full-time reporter for AMBCrypto from January 2018. He has eight years of experience in day trading markets and a three year experience working for a blockchain company. Neil writes about blockchain and technology is a strong advocate of privacy. He had a few Litecoins and Ripple tokens months before joining AMBCrypto; he currently does not have any value in cryptocurrencies or projects.

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1 Comment

1 Comment

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    J P

    April 29, 2018 at 1:11 PM

    Appreciate the comment about institutional investors being able to pump AND dump, and too some extent this will be good for the market. But market wide, institutional investors will be outgunned for years to come by the early adopters, and therefore won’t playing by Wall Street rules. Mistakes will be costly. I don’t think this asset class will be like others.

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Bitcoin

Bitcoin [BTC]: Fidelity has a ‘room full of ASIC miners’ at its Texas office, claims Justin Moon

Yash Rajan

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Bitcoin [BTC]: Fidelity has a 'room full of ASIC miners' at its Texas office, claims Justin Moon
Source: Pixabay

Bitcoin [BTC] had become the center of discussion in the crypto-verse after its meteoric rise recently. BTC is considered to be the digital gold with huge growth potential. As the interminable discussions continued for a long time, individuals associated with this discourse exhibited legitimate reasons both ‘for’ and ‘against’ the validity and acknowledgment of digital forms of money.

Enthusiasts around the globe believed that the big names of the market and hotshots in the corporate space were complacent about BTC. As Bitcoin is increasingly gaining recognition on a daily basis, Fidelity has emerged as the newest member to validate and diffuse BTC in its business operations.

Fidelity Investments, the multinational financial services corporation based in Boston, USA, offered services encircling investing, brokerage and retirement plans.

According to Bitcoin developer Justin Moon, Fidelity Investments has been interested in Bitcoin for a long time. He tweeted,

“Fidelity has a room full of Bitcoin Miners [ASICs] at their Texas office.”

This tweet, from a broader perspective, pointed at the interest of big wagons in the market in BTC mining. Apart from this, it also showed that they were actively participating in public blockchains.



This is not the first instance where Fidelity has openly accepted its interest in cryptocurrencies. Ari Paul, founder and chief investment officer of BlockTower Capital, had tweeted earlier this year,

A majority of Fidelity’s clients seems to believe that digital assets are the next big thing in the economy and the debate has been going on for a while. However, Fidelity’s statement rested the speculations of BTC being adopted by big league members. In other adoption news, three days ago, AT&T announced that it would start accepting payments in Bitcoin for its services.





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