Breaking: Germany Stock Exchange Firm Deutsche Boerse Launches Crypto Trading Platform
Highlights
- Deutsche Boerse announced fully regulated platform for trading crypto assets including Bitcoin and Ethereum
- Deutsche Boerse Digital Exchange will offer crypto institutional trading, settlement, and custody
- Crypto Finance (Deutschland) to provide digital asset clearing and settlement services
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.
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Bitcoin and Crypto Demand in Germany
Germany has massive demand for Bitcoin and other cryptocurrencies as witnessed in the crypto funds’ inflow reports. Deutsche Boerse’s electronic securities trading platform Xetra has been offering crypto ETP and ETN for companies such as 21Shares and WisdomTree. Crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as Deutsche Borse Group’s central counterparty.
The move coming amid Bitcoin price trading near all-time high sparks excitement in the crypto community. BTC price pares some gains after hitting a 24-hour high of $68,785. The price is currently trading at $66,840. Furthermore, the trading volume has increased by over 70% in the last 24 hours, indicating interest among traders.
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