Germany’s VPE Wertpapierhandelsbank AG (VPE) has announced that that their Institutional investor cryptocurrency trading services is the first of its kind in the country. VPE has a new Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) license in expanding its brokerage offerings. The company says it intends to offer the “best-in-class technology” to customers, in a “secure and regulated” environment.
VPE Wertpapierhandelsbank AG spokesperson Katharina Strenski underlined, “Until now, institutional investors have faced high entry barriers to crypto trading. Our cryptocurrency trading services offer a much more convenient alternative.”
While the company is used to managing huge sums of capital, how to influence the cryptocurrency markets has been their concern. So far, the consequences included irregular access to a red hot and arising asset class, probably the future of finance in one form or another cryptocurrency.
“Cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others have become a promising asset class in recent years,” Ms. Strenski detailed. “To date, trading digital tokens has been restricted to crypto exchanges and online marketplaces. We are pleased to be the first German bank to offer our customers cryptocurrency trading services.”
Germany is considered as an economic powerhouse. Thus, any entry its companies make into the crypto space will definitely have a huge impact on the crypto world. Germany is Europe’s economic engine. That makes it the largest economy in Europe. It is seen as a constant innovator and a giant exporter of goods.