German cryptocurrency site 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.

“ 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 and

“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 and robo advisor comparison site

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