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Cryptocurrency portal Bitcoinmag.de bought by Investoo Group

Written by  Nov 07, 2017

German cryptocurrency site Bitcoinmag.de has been acquired by London’s Investoo Group for an undisclosed amount.

Bitcoinmag provides news and resources to cryptocurrency investors such as comparing prices and exchanges.

“Bitcoinmag.de is an online community and information portal run by crypto investors, for investors. It boasts impressive organic reach, and provides a valuable traffic source for our partners,” said Adam Grunwerg, CEO of Investoo.

Investoo Group said in a statement that the acquisition will expand its reach in the DACH cryptocurrency market. Other cryptocurrency-related sites in its portfolio include ethereum-kaufen.de and coinlist.me.

“Germany is a relatively mature market when it comes to both paying with, and investing in, cryptocurrency. We’re delighted to acquire a publication that explains the investment process simply and transparently,” said David Merry, chairman of Investoo.

Investoo Group recently secured a £7.5 million credit line last month to further its growth. It has been acquiring a number of resource sites of late including social trading comparison site SocialTradingGuru.com and robo advisor comparison site RoboAdvisors.com.

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