Breaking: Germany Stock Exchange Firm Deutsche Boerse Launches Crypto Trading Platform

Deutsche Boerse, a Germany-based capital market firm that owns the Frankfurt Stock Exchange, on Tuesday said it has launched a platform for trading crypto assets including Bitcoin and Ethereum.

Deutsche Boerse Launches Deutsche Börse Digital Exchange

Germany-based Deutsche Boerse announced fully regulated crypto trading platform Deutsche Boerse Digital Exchange (DBDX), reported Reuters on March 5. The spot trading platform is targeted for institutional clients said the Deutsche Boerse.

The new Deutsche Boerse Digital Exchange is the latest step in its digital strategy to deliver a fully regulated and secure environment for institutional trading, settlement, and custody for this digital asset class. The German exchange group last year committed to introduce an integrated digital asset platform as part of its Horizon 2026 program.

The initial trading will be request-for-quote basis and gradually moving to multilateral trading. Deutsche Boerse will offer trading venue and Crypto Finance (Deutschland) to provide digital asset clearing and settlement services.

“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, Deutsche Börse’s head of FX & Digital Assets.

Also Read: BRICS Plans Digital Currencies and Blockchain Based Payment System for De-Dollarization

The post Breaking: Germany Stock Exchange Firm Deutsche Boerse Launches Crypto Trading Platform appeared first on CoinGape.