Deutsche Börse launches crypto spot platform for institutional clients

Deutsche Börse has announced the launch of its digital exchange, the Deutsche Börse Digital Exchange, which is a cryptocurrency spot trading platform for institutional clients. As a first step, DBDX's trading will be based on Request for Quote (RfQ), followed by multilateral trading. Deutsche Börse will lead the operation, while Crypto Finance (Deutschland) GmbH will provide settlement and custody services. Carlo Kölzer, Head of Foreign Exchange and Digital Assets at Deutsche Börse, said that the new solution will change the game rules of the digital ecosystem. Their goal is to provide a trustworthy market operation for cryptocurrencies, ensuring transparency, security, and compliance for European institutional clients.