Manager of the crypto exchange expects interest from professional investors

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.