Deutsche Boerse to buy Swiss fintech Crypto Finance By Reuters

© Reuters. FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

FRANKFURT (Reuters) – German stock exchange operator Deutsche Boerse (DE:) said on Tuesday that it was buying a two-thirds stake in Swiss fintech Crypto Finance to expand its offering for digital assets.

Crypto Finance, which was founded in 2017 and has 55 employees, provides trading, storage, and investment in digital assets for institutional and professional investors.

Deutsche Boerse declined to provide details on the purchase price but said it was somewhat more than 100 million Swiss francs ($108.68 million).

Founder Jan Brzezek will remain chief executive along with the existing management team.

($1 = 0.9201 Swiss francs)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply Cancel reply