Coinpanion starts business in Germany

Frankfurt The Austrian crypto start-up Coinpanion is expanding: In the future, customers will increasingly come from Germany. The still young company will start its business for German investors on Thursday, as the Handelsblatt learned in advance. For the expansion, Coinpanion is cooperating with the banks Scheich and von der Heydt.

“Of course, the German market is interesting for us simply because of its size,” says co-founder and CEO Alexander Valtingojer. But regulation is also an important point, as it offers investors more security. “It’s always easier to move from a heavily regulated environment to a less heavily regulated environment than the other way around,” he says, with a view to possible expansion into other countries.