On March 5, Deutsche Börse, the German securities marketplace, unveiled its exclusive cryptocurrency trading platform, Deutsche Börse Digital Exchange (DBDX), specifically designed for institutional clients.
Introduced in partnership with custody provider Crypto Finance, the DBDX provides a regulated and safe environment for trading, settlement, and custody of cryptocurrency assets.
Initial trading on the DBDX will occur through a request-for-quote (RfQ) system, where businesses seek quotes from specific suppliers and contractors.
After the Request for Quote (RfQ) trading, there will be the establishment of a multilateral trading facility, a platform designed to enable the trading of financial assets among numerous participants.
The DBDX aims to extend its cryptocurrency trading offerings to customers in Germany and various European markets, as stated in the announcement.
He stated that the introduction of the new platform marks the initial phase in Deutsche Börse’s pursuit outlined in the Horizon 2026 strategy to actively participate in the digital transformation of asset categories.
In February, Crypto Finance obtained four licenses from BaFin, the German financial regulatory authority, allowing the company to offer regulated services for trading, settlement, and custody of digital assets in Germany. This regulatory achievement served as another prerequisite for commencing the DBDX project.
Also Read: Virginia’s New Law Boosts Blockchain Growth with Crypto
