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Deutsche Boerse Digital Exchange Is Now Launched To Support Institutional Clients

Key Points:

Deutsche Boerse launches a crypto trading platform for institutions.
Deutsche Boerse Digital Exchange offers regulated services in collaboration with Crypto Finance.
The move signifies Deutsche Boerse’s deeper involvement in the crypto market.

German securities marketplace Deutsche Boerse has launched its cryptocurrency trading platform, Deutsche Boerse Digital Exchange (DBDX), targeting institutional clients.

Deutsche Boerse Digital Exchange Is Now Launched To Support Institutional Clients 2

Deutsche Boerse Enters Crypto Market with Institutional Trading Platform

Deutsche Boerse Digital Exchange, announced on March 5, offers a fully regulated ecosystem for trading, settlement, and custody of crypto assets. Operated by Deutsche Boerse and supported by custody provider Crypto Finance, DBDX aims to ensure transparency, security, and regulatory compliance for institutional clients in Europe.

Initially operating on a request-for-quote (RFQ) basis, DBDX will later introduce a multilateral trading facility. Carl Koelzer, head of FX and digital assets at Deutsche Boerse, emphasized the company’s commitment to providing trusted market operations for crypto assets.

This initiative follows Crypto Finance’s receipt of four licenses from the German Federal Financial Supervisory Authority (BaFin) in February, enabling regulated digital asset trading, settlement, and custody services in Germany.

Deutsche Boerse Expands Presence in Cryptocurrency Industry

Deutsche Boerse’s foray into cryptocurrency trading further solidifies its active involvement in the crypto industry. Last year, Deutsche Boerse-backed Crypto Finance partnered with Apex Group to offer institutional-grade crypto investment products.

The launch of DBDX marks Deutsche Boerse’s continued expansion into the digital asset space, aligning with its positive stance on cryptocurrency.

The company had announced its intention to launch a digital asset platform in late 2023, with regulatory approvals paving the way for the Deutsche Boerse Digital Exchange launch. With plans to extend its services to clients in Germany and other European markets, Deutsche Boerse is poised to play a significant role in facilitating institutional crypto trading.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.