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Deutsche Boerse to buy Swiss fintech Crypto Finance By Reuters

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

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

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

Deutsche Boerse declined to provide details on the purchase price, but said it was just over 100 million Swiss francs ($ 108.68 million).

The founder, Jan Brzezek, will remain CEO along with the existing management team.

($ 1 = 0.9201 Swiss francs)

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