Deutsche Börse has introduced the Deutsche Börse Digital Exchange (DBDX), a crypto asset spot trading platform. The group writes that DBDX aims to provide a secure and fully regulated environment catering to institutional trading, settlement and custody needs.
Deutsche Börse claims that DBDX supports the development of a digital asset ecosystem that meets institutional-grade standards. Initial trading on DBDX will operate on a request-for-quote basis, with plans to incorporate multilateral trading in the future. The trading venue is operated by Deutsche Börse, with Crypto Finance (Deutschland) taking charge of digital asset settlement and custody services.
The German financial regulator, BaFin, granted four licenses to Crypto Finance (Deutschland) in February, authorising the delivery of digital asset trading, settlement, and custody services in the country. Additionally, DBDX had previously secured a license as a multilateral trading facility (MTF).
