Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid
The company is reviewing an objection or new application while seeking regulated German partners to restart trading for its 1.1 million users.
- On Tuesday, October 6, the German Federal Financial Supervisory Authority refused the MiCA authorization application from Futurum Bank, a subsidiary of Bitcoin Group SE.
- Trading on Bitcoin.de has been largely suspended since June 12, 2026, while the licensing process under the Markets in Crypto-Assets Regulation lasted more than 15 months.
- Financial results show Bitcoin Group revenue fell to €1.59 million in the first half of 2026 from €3.78 million in 2025, with EBITDA losses of €3.25 million despite over 1.1 million registered users.
- Instead of waiting for another license, futurum bank plans to work with regulated partners to resume trading "as quickly as possible," CEO Moritz Eckert said, with one firm acting as trading counterparty and another holding assets.
- The company has one month to lodge an objection after formal service of the BaFin decision and may submit a new MiCA application at a later date, though no firm reopening date has been announced.
10 Articles
10 Articles
Cointelegraph
The New York LedgerBitcoin.de Seeks New Model After BaFin Rejects MiCA Bid
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.
Bitcoin.de Seeks New Model After BaFin Rejects MiCA Bid - Invest In Crypto News
Bitcoin Group SE says it is seeking an alternative operating model for its bitcoin.de platform after the German Federal Financial Supervisory Authority (BaFin) refused its subsidiary futurum bank AG’s application for authorization as a crypto-asset service provider under Markets in Crypto-Assets Regulation (MiCA). In an Oct. 6 announcement, the company said the BaFin decision was […]
Bitcoin.de Trading Still Frozen as Germany Rejects MiCA Request
Bitcoin Group SE says it is working on an alternative operating setup for its bitcoin.de platform after Germany’s financial regulator, BaFin, rejected an authorization application filed by its banking subsidiary, futurum bank AG, to operate as a crypto-asset service provider under the EU’s Markets in Crypto-Assets Regulation (MiCA). In an Oct. 6 announcement, the company [...]
BaFin Rejects Bitcoin Group SE MiCA Application
BaFin, the German federal regulator responsible for overseeing banking, insurance, and securities markets, rejected Bitcoin Group SE's application under MiCA, the European Union's comprehensive crypto-asset regulatory framework that came into full effect for crypto-asset service providers in December 2024.Read more...
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
