Deutsche Börse exchange debuts crypto platform for institutions

German exchange giant Deutsche Börse intros digital asset trading, settlement and custody services amid crypto price rally


hyotographics/Shutterstock modified by Blockworks


German exchange giant Deutsche Börse Group unveiled a crypto spot platform on Tuesday in a bid to capture the growing institutional market for digital assets 

Dubbed the Deutsche Börse Digital Exchange (DBDX), the platform is set to allow the trading, settlement and custody of crypto assets while utilizing “the existing connectivity to market participants,” the company said Tuesday.

It was not clear which crypto assets the platform would support. A firm spokesperson did not immediately return a request for comment.  

While Deutsche Börse operates trading on the new exchange, its subsidiary Crypto Finance is set to offer the settlement and custody services. Deutsche Börse acquired a majority stake in Crypto Finance in 2021.

Deutsche Börse last year labeled launching a crypto platform as part of its “Horizon 2026” strategy. Carlo Kölzer, Deutsche Börse’s head of foreign exchange and digital assets, called the new platform Deutsche “a game changer for digital ecosystems.”

“We aim to provide trusted market operations for crypto assets, ensuring transparency, security, and regulatory compliance for institutional clients in Europe,” he added in a statement.

Companies delving into the crypto space have been getting licenses from various European regulators after the European Union passed the Markets in Crypto-Assets (MiCA) legislation in April 2023. The MiCA regulations are expected to take effect later this year.

Read more: European securities regulator seeks limits on non-EU crypto firms

The German Federal Financial Supervisory Authority (BaFin) granted Crypto Finance four licenses in February for digital asset trading, settlement and custody services in Germany. 

BitGo and Commerzbank each received crypto custody licenses from the German regulator in November. Frankfurt-based Deutsche Bank, which applied for a German crypto custody license last year, said in September it was set to establish digital asset custody and tokenization services by teaming up with Switzerland-based Taurus. 

Deutsche Börse’s launch comes amid a crypto price rally that has brought bitcoin near its all-time high price of roughly $69,000, set in November 2021. 

The price of bitcoin stood at nearly $67,000 at 7:30 a.m. ET Tuesday — up 18% from seven days ago. Ether’s price has risen roughly 16% over the past week, reaching about $3,760 at that time. 

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg


Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.


The US spot bitcoin fund category has notched negative net flows over the course of a week just three times since coming to market in January


Elsewhere, rank-and-file employees move around and Binance’s head of legal in Europe departs


Plus, a Dragonfly partner shares his view on the crypto VC market, and a mining hardware firm raises $80 million


Plus, a Bored Ape burger restaurant closes, and Crypto: The Game presses on


Bitcoin scarcity is a meme, with or without the halvings


The current state of blockchain interoperability poses an existential threat to the mainstream adoption of blockchain technology as a whole