During the initial launch phase of the Deutsche Börse Digital Exchange (DBDX), trading will be based on initial requests from institutional clients interested in acquiring digital assets (RfQ). As business processes are fine-tuned, the DBDX cryptocurrency platform is going to switch to traditional multi-threaded technology for trading digital assets.
The DBDX trading platform will be managed by the Deutsche Börse Group itself, and its subsidiary Crypto Finance will provide institutional clients with services for the regulation and storage of crypto assets.
It is expected that the expansion of the range of services provided by Deutsche Börse will partially offset the consequences of the general decline in exchange income associated with a 21% drop in trading volumes in traditional financial market instruments.
At the end of last year, Bundestag member Joana Cotar proposed making Bitcoin legal tender in Germany and equating BTC to the euro.
Source: Bits
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