Confirmed: Bitfinex Exchange Has Account On Dutch ING Bank

Dutch financial group ING (INGA.AS) has confirmed that Bitfinex, one of the world’s largest Bitcoin exchanges by daily trading volume, has a bank account with them in the Netherlands, Reuters reported Tuesday, Feb. 20.

In an email to Reuters, ING spokesperson Harold Reusken confirmed that Bitfinex has a bank account with ING in the Netherlands. How Bitfinex was managing its banking affairs since a split with Wells Fargo last April is unclear, Reuters reports.

The connection between Bitfinex and ING was first reported on Feb. 14 by Dutch news outlet Follow the Money. According to Follow the Money, ING bank cannot disclose the value of Bitfinex’s account due to privacy laws.

Reusken said that ING is intensively testing Blockchain technology and highly interested in cooperating with “companies that are in the value chain of cryptocurrencies”…

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