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HomeCryptocurrency NewsAltcoin News: Litecoin, Monero, Ripple NewsVPE Bank is the First German Bank to Launch Bitcoin, Litecoin and...

VPE Bank is the First German Bank to Launch Bitcoin, Litecoin and Ethereum Trading


VPE has launched cryptocurrency trading services for institutional investors. VPE offers first-class technology and has a license from the German financial regulator BaFin to provide customers with secure and regulated cryptocurrency trading services.

“Cryptocurrencies like Bitcoin, Litecoin, Ethereum and others have become a promising asset class in recent years. Until now, the trade in digital tokens was limited to crypto-exchanges and online markets. We are delighted to be the first German bank to offer cryptocurrency services to our customers, “said Katharina Strenski, VPE’s public relations manager.

As a securities trading bank, EVP has already achieved impressive results in terms of trade and access to networks and the appropriate technical requirements for processing individual transactions. VPE also meets all KYC (Know Your Customer, KYC) and AML (Anti Money Laundering, and Money Laundering) requirements.

With an automated crypto-currency trading capability, the product was developed in collaboration with Solaris Bank, the first banking platform with a banking license, and with the support of leading banking experts and legal fields related to cryptocurrency.

The virtual currency trading accounts of VPE are deposited as collateral by Solaris Bank. Customers will also have access to a virtual currency portfolio hosted by VPE. This will make trading quick and easy, while ensuring the highest safety standards.

“Until now, institutional investors have faced significant barriers to entry for cryptocurrency trading. Our cryptocurrency services offer a much more practical alternative, “said Strenski.

VPE was established in 1989 and, according to its company profile published by Reuters, has previously focused “on exchange-based and over-the-countertrade of financial instruments for private investors, institutional traders and financial corporations.”

Though VPE may be the first German bank to move into cryptocurrency trading, the first European bank to do so was Bank Frick, in the German-speaking microstate of Liechtenstein. The tiny principality is a historic tax haven and, with a population of just 37,000, has one of the highest gross domestic products (GDPs) per person in the world.


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