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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