Deutsche Borse introduces an institutional spot platform for crypto

In a recent announcement, Deutsche Börse revealed their new regulated platform that would allow users to trade cryptocurrency on the spot market.

Designed with institutional customers in mind, DBDX is a regulated cryptocurrency trading platform. Working in tandem with Crypto Finance, it offers a full suite of crypto services for institutional investors, including trading, settlement, and custody.

The concept is to address a need in the industry, as most platforms that facilitate the spot trade of cryptocurrencies target individual investors rather than big institutional ones.

A full suite of innovative and safe digital asset financial solutions accessible from a single point of entry is necessary for the expanding institutional crypto sector, according to Deutsche Börse.

A detailed request for a quote and subsequent multilateral discussion are necessary for trading on the DBDX. Crypto Finance (Deutschland) GmbH will provide custody and settlement services, while Deutsche Börse will oversee the trading venue.

Among the most prominent groups operating in the global financial markets is the Deutsche Börse Group.

As the principal stock exchange in Germany and the tenth biggest in the world by total market value, it oversees the Frankfurt Stock Exchange (FWB). Founded in 1585, it is also the third-oldest stock market in the world that is currently in operation.

In addition to Xetra (XETR), Clearstream, Eurex, STOXX, and Qontigo are all operated by Deutsche Börse. The Frankfurt headquarters are home to around 13,000 people, while other locations include New York, London, Hong Kong, Singapore, Beijing, Tokyo, Chicago, and Sydney.

After renaming from the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) to Deutsche Börse AG in 1993, the Frankfurt Stock Exchange became Deutsche Börse in 1992.

Crypto Finance was able to launch its new platform last month after receiving four licenses from BaFin, the German financial market regulator. These licenses allow for regulated services in trading, settlement, and custody of digital assets in Germany. This follows Crypto Finance’s previous acquisition of a Multilateral Trading Facility (MTF) license.

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