Bitcoin Grup SE expanded its market offering on Bitcoin.de to include the option to exchange Bitcoin for other cryptocurrencies.
As the first German provider, the company now offers more than a million clients to the crypto exchange. Bitcoin.de trading in pure cryptocurrency pairs. This means that from now on you can buy Ethereum (ETH) with Bitcoin (BTC), for example. The integration of various cryptocurrencies is planned to expand the offering in the future.
the Bitcoin Group SE acquired 100 percent of the shares in 2018 futurum bank AG, which is now behind the functioning of the Bitcoin.de crypto market.
Marco Bodewein, CEO of Bitcoin Group SE, told BTC-ECHO that the “supply and demand principle” applies here. “If our users want more trading pairs (eg LTC / BTC), we will see how quickly this request can be implemented,” says Bodewein.
“Technically, only currencies that are traded with us on the platform can currently be integrated,” the board continued to explain. “But here we are also working on a constant expansion of the range. Depending on how the new market is accepted, ETH is also possible as a payment currency (XRP / ETH, DOGE / ETH, etc.), ”Bodewein told BTC-ECHO.
“No intermediate step”
Bodewein also explained why the company relies on Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP) to start trading with pure crypto pairings. “Ethereum is the second most successful cryptocurrency after Bitcoin, and has seen the highest demand,” the board member of Bitcoin Group SE told BTC-ECHO. “The development of the last few months speaks for itself at Ripple and Doge as well.”
According to the press release, the highest security standards also apply to the new feature. In addition, the reservation of cryptographic transactions would be carried out “in a few seconds”.
“We want our users to be able to change the crypto currency very easily, that is, without an intermediate step through the euro. B. see more potential in another crypto currency, ”Bodewein told BTC-ECHO.