This cryptocurrency platform, with 1.1 million users, is operated by a subsidiary of Bitcoin Group SE. It was originally created as a peer-to-peer marketplace for finding buyers and sellers of cryptocurrency. However, the company had planned to expand its services to 100 cryptocurrencies and introduce crypto swaps and staking.
Bitcoin Group SE had prepared for the possibility of rejection and is already looking for an alternative operating model for its platform. It is considering resuming operations through regulated partners and submitting a new application.