Deutsche Boerse, operator of Germany's largest exchange, said in a statement on Tuesday that it has started a spot trading platform for cryptocurrencies for institutional clients.
DBDX provides a fully regulated ecosystem for trading, settlement and custody of crypto assets, the company said.
Initially, DBDX will be traded on a request for quote (RFQ) basis, followed by multilateral trading. Deutsche Boerse will operate the trading venue, and Crypto Finance will provide settlement and custody services.
“We aim to provide reliable market operations for crypto assets, ensuring transparency, security and regulatory compliance for institutional clients in Europe,” said Karl Kulzer, Head of FX and Digital Assets at Deutsche Boerse.
