Today Deutsche Börse launched its regulated institutional platform for spot trading of crypto assets, the Deutsche Börse Digital Exchange (DBDX). It’s starting with Bitcoin and ETH in Euros. Settlement and custody are handled by the German arm of Crypto Finance, which received licenses from BaFIN earlier this month. The Deutsche Börse acquired Crypto Finance in 2021.
In the early stages, trading will operate on a Request for Quote basis, but multilateral trading will follow.
“Our new solution is a game changer for digital ecosystems. We aim to provide trusted market operations for crypto assets, ensuring transparency, security, and regulatory compliance for institutional clients in Europe,” said Carlo Kölzer, Head of FX & Digital Assets at Deutsche Börse.
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