Frankfurt The Coinbase crypto exchange is building up its German business at full speed and is also counting on increasing interest from institutional investors. “We hold a lot of discussions with banks, funds and asset managers,” reports Germany boss Sascha Rangoonwala in an interview with the Handelsblatt. After a turbulent year in which Bitcoin and other digital currencies fell at times deeply, but repeatedly reached new highs, professional investors increasingly sought contact with Coinbase.
This shows a trend in Germany that has been around for some time in the USA: There the traditional and the new financial world have already converged. According to media reports, the endowment funds of the elite universities Harvard and Yale invested a small part of their assets in cryptocurrencies years ago. Companies like Tesla and the software company Microstrategy even keep Bitcoin on their balance sheets.
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