• Deutsche Börse has launched its crypto spot trading platform Deutsche Börse Digital Exchange (DBDX).
• DBDX will offer crypto trading services to institutional clients.
• Swiss-based platform Crypto Finance is the settlement and custody partner.

Deutsche Börse, a leading securities and market infrastructure provider, has announced its crypto spot trading platform is now live.

In a press release on Monday, targeting institutional clients.

Deutsche Börse Group said the Deutsche Börse Digital Exchange (DBDX) targets institutional clients and will offer a fully regulated trading ecosystem. Settlement and custody of users’ cryptocurrency assets will tap into the services of custody provider Crypto Finance.

Initially, access to crypto trading on the new platform will be on a Request-for-Quote (RfQ) basis. This means clients will have to solicit for quotes from select providers.

“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,” Carlo KölzerCarlo Kölzer, head of FX & digital assets at Deutsche Börse, said in a statement.

The launch of DBDX follows Crypto Finance’s recent approval as a regulated crypto trading, settlement and custody provider. The Swiss-based platform received the required licenses from German regulator BaFin in February this year.

“This marks a pivotal moment in our mission to cultivate a resilient and trusted digital asset ecosystem together with Deutsche Börse, while also strengthening Crypto Finance’s well-established and regulated custody and settlement offering in Germany,” Stijn Vander StraetenStijn Vander Straeten, CEO of Crypto Finance, stated.

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• Source: https://coinjournal.net/news/deutsche-borse-launches-spot-crypto-trading-platform/