Concludes the Merger of Bitcoin Deutschland AG With Futurum Bank AG in Germany’s First Crypto Bank

Concludes the Merger of Bitcoin Deutschland AG With Futurum Bank AG in Germany’s First Crypto Bank

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Bitcoin Group SE concludes merger of Bitcoin Deutschland AG with Futurum bank AG in Germany's first crypto bank.

- Merger of Bitcoin Deutschland AG with Futurum bank AG registered in the commercial register

- Combined entity to operate under the name of Futurum bank AG

- Encryption and custody under the aegis of the Futurum bank AG from a single source

- Effects of high synergy at the organizational level

- New growth boost of institutional clients

Herford, October 22, 2020 - Bitcoin Group SE (ISIN DE000A1TNV91 ) has closed the merger of Bitcoin Deutschland AG with Futurum bank AG. Germany's first crypto bank is the result of the unification of the bitcoin.de and all investment banking services of Futurum bank AG. After successful registration in the commercial register on October 13, 2020, the combined entity will operate under the name Futurum bank AG. The integration measure is thus also concluded at company law level.

Upon completion of the merger, Futurum bank AG now groups all licensed regulatory assets held in the Group under an entity that has already been licensed under regulatory law. This results in high synergy effects within Bitcoin Group SE, reducing organizational and regulatory complexity. In addition, this measure strengthens Bitcoin Group SE's offering as a cryptocurrency trading platform and depositary. Futurum Bank AG can offer customers an even better service from a single source.

This marks another significant step in diversifying the business model. BaFin has established a unified legal framework for banks to offer and store cryptocurrencies. Bitcoin Group SE also makes use of this possibility and extends the provision of crypto custody services to the entire Group of companies. In the future, Europe's largest crypto trading platform will also be available to institutional clients through Futurum bank AG. The new customer base opens up new prospects for added value growth for Bitcoin Group SE.

"Market participants, both private and institutional, are looking for lucrative investment opportunities outside the Euro and US Dollar & Co. Cryptocurrencies are highly appreciated for their high returns and security features. Our reliable and attractive portfolio of services, which is already used by more than in the future, 884,000 private clients will also be open to institutional investors through the newly formed Futurum bank AG. We expect this to result in significant growth boosts for Bitcoin Group SE," said Marco Bodewein, Ceo of Bitcoin Group SE.

About Bitcoin Group SE: The
Bitcoin Group SE is a holding company focused on innovative and disruptive business models and technologies in the areas of cryptocurrency and Blockchain. Bitcoin Group SE holds 100% of the shares of Futurum Bank AG, which operates a trading market for the digital currencies Bitcoin, Bitcoin Cash, Bitcoin Gold and Ethereum under Bitcoin.de, as well as classic investment services and 50% of the shares of Sineus Financial Services GmbH, a financial services provider overseen by BaFin.

Bitcoin Group SE is listed on the Düsseldorf Stock Exchange Primary Market and on all other German stock exchanges (symbol: ADE, ISIN: DE000A1TNV91, GSIN: A1TNV9).

source: marketscreener.com

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