Bitcoin.de trading remains halted as German regulator rejects MiCA application
Trading on the platform has largely been suspended since June as its operator awaited MiCA authorization, with the company now looking to regulated partners to restart services.
As of October 6, trading on the Bitcoin.de platform remains halted due to a setback in obtaining authorization from the German Federal Financial Supervisory Authority (BaFin) under the Markets in Crypto-Assets Regulation (MiCA). The operator of Bitcoin.de, Bitcoin Group SE, had been awaiting MiCA authorization since June, when the platform was initially launched as a regulated brokerage.
After the refusal of its subsidiary futurum bank AG's application for crypto-asset service provider status, Bitcoin Group SE is now exploring regulatory partnerships to resume services. The company's CEO, Moritz Eckert, stated that their priority is to implement an alternative operating model while keeping customers informed about the next steps.
Bitcoin.de, which boasts over 1.1 million registered users, originally functioned as a peer-to-peer marketplace before transitioning to a brokerage model offering a variety of cryptocurrencies and related services. The platform had planned to launch in late June but faced delays while futurum bank awaited MiCA approval. In August, Bitcoin.de confirmed that customers' crypto holdings had been transferred to new custody infrastructure and that its previous trading system had been deactivated.
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