BXM Operations, the company behind the cryptocurrency exchange BitMEX, failed to acquire German Bankhaus von der Heydt.
The deal was cancelled by mutual consent.
“After further negotiations between BXM Operations AG and the owner of Bankhaus von der Heydt, both parties made a mutual decision not to proceed with the planned takeover,” said a bank spokesman.
The deal would have given the BitMEX exchange a banking license in Germany.