Bitcoin.de and Fidor Bank AG Agree on Large-Scale Partnership

HERFORD, Germany, July 11, 2013 /PRNewswire/ --

- Fidor Bank AG provides liability umbrella for bitcoin trading on bitcoin.de

- First direct banking cooperation in the European bitcoin sector

- Fidor banking accounts planned for bitcoin.de customers

Munich-based Fidor Bank AG enters large-scale partnership with the bitcoin marketplace "bitcoin.de".  The publicly-traded online bank [WKN: A0MKYF / ISIN: DE000A0MKYF1] will provide a so-called liability umbrella to Bitcoin Deutschland GmbH, the operator of the bitcoin.de marketplace, thereby bringing bitcoin trading in Europe to a new level.

As from the start of the cooperation, which will be activated upon the registration with the German Federal Financial Supervisory Authority, Bitcoin Deutschland GmbH will become Fidor Bank AG's so-called "tied agent" to conduct the bitcoin trading for Fidor Bank AG on bitcoin.de.

Bitcoin.de will thus be the first European bitcoin trading platform with a direct banking cooperation and is following the financial market regulations, e.g. the anti-money laundering legislation.

"With Fidor Bank AG as our Partner, the digital bitcoin currency, which was initially smiled at as internet play money, is increasingly turning into a serious alternative currency after only 4 years ", says Oliver Flaskämper, managing director of Bitcoin Deutschland GmbH.

Full press release and contact: https://www.bitcoin.de/presse/BitcoinPress.pdf

About Bitcoin Deutschland GmbH:

Since 2011, Bitcoin Deutschland GmbH has been operating Germany's first and biggest marketplace with over 70,000 customers for the trading of bitcoins by private individuals from the EU, EEA, and Switzerland on http://www.bitcoin.de/.

About Fidor Bank AG:

Fidor Bank AG (http://www.fidor.de) is an internet-based direct bank that is licensed to do business in Germany.  With the FidorPay Account, the bank targets both private and business customers.

Contact:
Bitcoin Deutschland GmbH:    
Per Hlawatschek    
Nordstr. 14        
32051 Herford    
Germany    
Phone: +49(0)5221-85411-27    
Fax:   +49(0)5221-85411-29
presse@bitcoin.de