stock market giant Deutsche Börse launches cryptocurrency trading

Deutsche Börse, the operator of XETRA in Germany, today revealed the opening of a cryptocurrency spot trading platform for institutional players. We take stock.

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Deutsche Börse presents a spot cryptocurrency exchange for institutional investors

This Tuesday, the German stock market giant Deutsche Börse announced the opening of a spot trading platform for cryptocurrency. The latter is called the Deutsche Börse Digital Exchange (DBDX) and will be aimed at institutional investors.

If the assets supported by the platform have not been detailed, exchanges will first be carried out over-the-counter via “a quote request functionality”, before multilateral trade tools are implemented to align sellers and buyers.

On the infrastructure side, DBDX leverages the Crypto Finance platforma swiss company bought almost 3 years ago and got 4 licenses from BaFin last month.

Carlo Kölzer, head of foreign exchange and digital assets at Deutsche Börse, highlighted the legal compliance and transparency of this solution:

“We want to offer our institutional clients in Europe reliable markets for cryptoassets, characterized by transparency and security, and where operations comply with regulatory requirements. This strengthens the integrity and security of the entire market. »

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For now, Deutsche Börse shares trade at 192.10 euros on XETRA, exchange of which the group is the operator. In terms of market capitalization, this represents 35.39 billion euros, and the stock reached its all-time high of 194.55 euros last Thursday.

While institutional players were more cautious about the cryptocurrency ecosystem during the bear market, their behavior in recent months, especially with regard to ETFs, has tended to show a renewed interest.

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Source: Deutsche Börse

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