Deutsche Börse Launches Regulated Spot Crypto Exchange

Crypto trading on the new Deutsche Börse Digital Exchange (DBDX) for crypto assets is now live.

Deutsche Börse Launches Regulated Spot Crypto Exchange

The leading German exchange Deutsche Börse Group on March 5 launched a regulated spot crypto asset trading platform targeted at institutional clients. Called Deutsche Börse Digital Exchange (DBDX), the platform offers institutional trading, settlement, and custody of crypto assets.

DBDX leverages the existing connectivity to market participants of one of the world’s leading exchange organisations. Besides, the new entity aims to fill an existing gap in the market providing institutional clients with a regulated environment for trading innovative digital assets. Deutsche Börse itself will operate the trading venue while Crypto Finance (Deutschland) GmbH is responsible for settlement and custody services.

Initially, trading on the DBDX will occur on a Request for Quote (RfQ) basis. It will be later followed by a multilateral trading option.

The launch marks a significant milestone for the Group, demonstrating its ability to deliver innovative financial solutions for digital assets to clients in Germany and other European markets.

“Our new solution is 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. […] It is a first step towards realising Deutsche Börse’s ambition in the Horizon 2026 strategy to play a leading role in the digitalisation of asset classes.”

Carlo Kölzer, Head of FX & Digital Assets at Deutsche Börse

Deutsche Börse presented its new “Horizon 2026” strategy at the Investor Day event on 7 November 2023. The strategy presupposes strong organic growth of 7% per year until 2026; a further 3% annually added to the growth rate due to the completed acquisition of SimCorp; development of the new Investment Management Solutions segment; more active share buy-backs; and an expansion of the leading position among digital platforms for both existing and new asset classes. 

In Germany, the demand for crypto services grows. Customers are looking for reputable financial organisations to trust their digital assets to. Last year, German Deutsche Bank also struck a partnership with cryptocurrency infrastructure platform Taurus to offer digital asset custody and tokenization services. And yet, there’s still a lack of comprehensive solutions that combine trading, settlement, and custody within a single platform.

Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.