On March 5, The German stock exchange, Deutsche Börse, announced Deutsche Börse Digital Exchange (DBDX), a dedicated cryptocurrencycurrency trading platform designed especially for institutional clients.
A controlled and secure environment for trading, settling, and custody of bitcoin assets is offered by the DBDX, which was introduced in collaboration with custody provider Crypto Finance.
Using a request-for-quote (RfQ) mechanism, companies will be able to request estimates from particular suppliers and contractors throughout the DBDX’s introduction.
There will be a multilateral trading facility established following the Request for Quote (RfQ) trading. This is a platform that will allow several parties to trade financial assets with one another.
According to the release, DBDX wants to provide bitcoin trading services to clients in Germany and other European countries.
According to him, the launch of the new platform is the first step in Deutsche Börse’s quest to actively engage in the digital transformation of asset classes, as described in the Horizon 2026 agenda.
