Deutsche Börse, the German securities marketplace, has officially debuted its own cryptocurrency trading platform targeted at institutional clients. The platform, called Deutsche Börse Digital Exchange (DBDX), was launched in collaboration with custody provider Crypto Finance. DBDX offers a secure and regulated ecosystem for trading, settlement, and custody of crypto assets. Initially, trading on DBDX will operate on a request-for-quote (RfQ) basis, followed by a multilateral trading facility. The platform aims to provide its services to clients in Germany and other European markets. This launch is part of Deutsche Börse’s Horizon 2026 strategy to play a leading role in digital asset class digitalization. The company had previously announced its intention to launch a digital asset platform in late 2023. In February, Crypto Finance received four licenses from the German Federal Financial Supervisory Authority (BaFin), which paved the way for the DBDX launch. Deutsche Börse has been actively involved in the crypto industry, listing various cryptocurrency-related investment products on its electronic trading platform, Xetra. The company has also been exploring the benefits of blockchain technology for operations like securities financing.
Spot cryptocurrency trading platform launched by Deutsche Börse