Deutsche Boerse has launched a new crypto trading platform specifically designed for institutional clients, with the company operating the trading venue.
Crypto Finance will support the platform by offering settlement and custody services, ensuring a comprehensive infrastructure for institutional investors entering the crypto market.
Deutsche Boerse’s DBDX Launches: A New Era in Institutional Crypto Trading with Crypto Finance Support
- The Deutsche Boerse Digital Exchange (DBDX) has officially launched its crypto trading operations.
- This regulated platform for spot crypto trading is specifically designed for the needs of institutional clients.
- Settlement and custody services will be facilitated by Crypto Finance.
Deutsche Boerse Stock Exchange DBDX
Deutsche Boerse, Germany’s leading stock exchange operator, has announced the launch of a new cryptocurrency spot trading platform tailored for institutional clients, according to a recent statement released on Tuesday.
🎁 Christmas came early this year!
— Cash Market (@DBCashMarket) December 13, 2022
As of today, a total of 2,000 ETFs are tradable on @Xetra. What was once a niche product at the beginning of the millennium has become Europe's most successful financial product.
Next goal: 4,000 #ETF|s – here we come!https://t.co/KLrUHLV8Zn pic.twitter.com/xERBrb79O2
The platform, known as DBDX, provides a comprehensive and regulated environment for the trading, settlement, and custody of cryptocurrency assets, the company revealed.
DBDX will initially facilitate trading through a request-for-quote (RFQ) mechanism, which will eventually expand to include multilateral trading functionalities. Deutsche Boerse will manage the trading platform’s operations, while Crypto Finance will be responsible for offering settlement and custody services.
Carl Koelzer, the head of FX and digital assets at Deutsche Boerse, emphasized the platform’s commitment to delivering secure, transparent, and regulatory-compliant market operations for crypto assets, specifically catering to the needs of institutional clients across Europe.
