Capital markets News

Deutsche Börse goes live with spot crypto trading on DBDX

deutsche boerse crypto

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.

Another division of the Deutsche Börse, its FX arm 360T, launched a trading solution to support crypto nondeliverable forwards (NFDs) earlier this month.

While it’s one of the first major stock exchanges to support direct trading of crypto assets, it’s not the first in Germany. The Boerse Stuttgart has supported crypto trading since 2019.

Meanwhile, the Deutsche Börse is covering all the bases in digital assets and digital securities. It has its D7 tokenization and digital securities depository offering. It’s a major participant in HQLAᵡ , the DLT solution for collateral mobility. Plus, it recently acquired FundsDLT, which leverages DLT for fund distribution.