Deutsche Börse launches institutional client encrypted spot platform
In an email statement, Deutsche Börse announced the launch of the digital exchange (Deutsche Börse Digital Exchange), a cryptocurrency spot platform for institutional clients. As a first step, trading on DBDX will be based on Request for Quote (RfQ) and then move to multilateral trading. Deutsche Börse will lead operations, while Crypto Finance (Deutschland) GmbH will provide settlement and custody services. Carlo Kölzer, Head of Foreign Exchange and Digital Assets at Deutsche Börse, stated that the new solution will change the game rules in the digital ecosystem. Their goal is to provide a trusted market operation for crypto assets, ensuring transparency, security, and compliance for European institutional clients.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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