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Bitcoin.de, a Germany-based bitcoin exchange, and its integration with Fidor Bank have created "Express Trade" accounts. It is now possible for the users to trade directly with fiat out of their bank accounts, without making fund deposits at an exchange's financial institution.
"Fidor Bank is setting a further milestone in digital banking", said Fidor Bank CEO Matthias Kröner.
The company claims that it is the first bitcoin trading platform linked directly with the classic banking system. Moreover, it said that EUR/BTC trades will be executed within seconds, when both traders have a free 'FIDOR SMART Giro Account'.
Regarding security, Bitcoin.de said that the accounts held at Fidor Bank are secured by a "standard deposit security of €10,000".
"We are proud that we at Bitcoin.de have been able to develop further together with our bold partners from FIDOR Bank towards an exchange. That is not only good news for all Bitcoin fans, but also good news for fin-tech companies based in Germany. Together with the right partners more is possible in Germany than one might think" said Oliver Flaskämper, board member of Bitcoin Deutschland AG.
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Bitcoin.de and Fidor Bank to offer instant settlement
Tuesday, February 24, 2015 6:41 AM UTC
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