Deutsche
Börse Group has taken a significant step into the realm of digital assets by
introducing the Deutsche Börse Digital Exchange (DBDX), a regulated spot
trading platform for cryptocurrencies tailored to institutional clients.
DBDX
fills a gap in the market by offering a fully regulated and secure ecosystem
for trading, settlement, and custody of cryptocurrencies. It leverages the
existing connectivity to market participants, providing clients with a
comprehensive suite of innovative and secure financial solutions for digital
assets from a single point of access across the value chain.
Initially,
trading on the DBDX will take place on a Request for Quote (RfQ) basis,
followed by the introduction of multilateral trading. Deutsche Börse will
operate the trading venue, while Crypto Finance (Deutschland) GmbH, a crypto subsidiary of the German exchange, will provide
settlement and custody services.
“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,” said Carlo
Kölzer, the Head of FX & Digital Assets at Deutsche Börse, emphasizing d
the significance of the platform.
The launch
of the DBDX aligns with Deutsche Börse Group’s Horizon 2026 strategy, which
reaffirms its objective to create a digital asset platform. Crypto Finance
(Deutschland) GmbH has obtained the necessary licenses from the German
regulator BaFin, including regulated digital asset trading, settlement, and
custody services in Germany, paving the way for the platform’s launch.
💥LISTEN UP!!! ONE OF THE LARGEST EXCHANGE ORGANIZATIONS CONFIRMS DIGITAL ASSETS WILL COME THROUGH💥
-Deutsche Börse CEO confirms 👀
The timing is just unclear!
-But he mentions 2026 strategy🙏🏽$AGIX $QNT $XRP $HBAR $CSPR pic.twitter.com/93NYdVsW7c— Cypress Demanincor (@CDemanincor) November 21, 2023
“As a
well-established Swiss company with a strong commitment to regulatory
compliance and delivering top-tier financial solutions, we have further
strengthened our position with the introduction of Crypto Finance in Germany as
the settlement agent and custodian,” said Stijn Vander Straeten, the CEO
of Crypto Finance.
Deutsche
Börse’s Trading Volume Dips to €1.2 Trillion in 2023
Germany’s
leading stock exchange operator released its 2023 cash market statistics,
revealing a total trading volume of €1.2 trillion across its Xetra and
Frankfurt Stock Exchange venues. This figure represents a decline of 21% compared
to the €1.6 trillion recorded in 2022.
On a
monthly basis, the total trading volume for December 2023 amounted to €97.4
billion, a drop from from €104.5 billion reported in November. However, when compared
to the same period last year, there was an increase from the €92.01 billion
reported in December 2022.
Despite the
dip in trading volumes, Deutsche Börse reported a strong annual performance for 2022.
The company saw a significant improvement of 24% in annual revenues and profits. Net
revenue rose to €4,338 million, up from €3,509 million in 2021. EBITDA surged
to €2,525 million from €2,043 million, while the final net income climbed to
€1,563 million, a considerable escalation from the previous year’s €1,264
million, marking a uniform annual growth rate of 24%.
In its most recent quarterly report for 2023, Deutsche Börse Group showcased a strong performance in the third quarter, recording an uptick of 9% in revenues to €1,188.3 million. This is an uplift from the €1,090.2 million observed in the corresponding quarter of the previous year.
Deutsche
Börse Group has taken a significant step into the realm of digital assets by
introducing the Deutsche Börse Digital Exchange (DBDX), a regulated spot
trading platform for cryptocurrencies tailored to institutional clients.
DBDX
fills a gap in the market by offering a fully regulated and secure ecosystem
for trading, settlement, and custody of cryptocurrencies. It leverages the
existing connectivity to market participants, providing clients with a
comprehensive suite of innovative and secure financial solutions for digital
assets from a single point of access across the value chain.
Initially,
trading on the DBDX will take place on a Request for Quote (RfQ) basis,
followed by the introduction of multilateral trading. Deutsche Börse will
operate the trading venue, while Crypto Finance (Deutschland) GmbH, a crypto subsidiary of the German exchange, will provide
settlement and custody services.
“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,” said Carlo
Kölzer, the Head of FX & Digital Assets at Deutsche Börse, emphasizing d
the significance of the platform.
The launch
of the DBDX aligns with Deutsche Börse Group’s Horizon 2026 strategy, which
reaffirms its objective to create a digital asset platform. Crypto Finance
(Deutschland) GmbH has obtained the necessary licenses from the German
regulator BaFin, including regulated digital asset trading, settlement, and
custody services in Germany, paving the way for the platform’s launch.
💥LISTEN UP!!! ONE OF THE LARGEST EXCHANGE ORGANIZATIONS CONFIRMS DIGITAL ASSETS WILL COME THROUGH💥
-Deutsche Börse CEO confirms 👀
The timing is just unclear!
-But he mentions 2026 strategy🙏🏽$AGIX $QNT $XRP $HBAR $CSPR pic.twitter.com/93NYdVsW7c— Cypress Demanincor (@CDemanincor) November 21, 2023
“As a
well-established Swiss company with a strong commitment to regulatory
compliance and delivering top-tier financial solutions, we have further
strengthened our position with the introduction of Crypto Finance in Germany as
the settlement agent and custodian,” said Stijn Vander Straeten, the CEO
of Crypto Finance.
Deutsche
Börse’s Trading Volume Dips to €1.2 Trillion in 2023
Germany’s
leading stock exchange operator released its 2023 cash market statistics,
revealing a total trading volume of €1.2 trillion across its Xetra and
Frankfurt Stock Exchange venues. This figure represents a decline of 21% compared
to the €1.6 trillion recorded in 2022.
On a
monthly basis, the total trading volume for December 2023 amounted to €97.4
billion, a drop from from €104.5 billion reported in November. However, when compared
to the same period last year, there was an increase from the €92.01 billion
reported in December 2022.
Despite the
dip in trading volumes, Deutsche Börse reported a strong annual performance for 2022.
The company saw a significant improvement of 24% in annual revenues and profits. Net
revenue rose to €4,338 million, up from €3,509 million in 2021. EBITDA surged
to €2,525 million from €2,043 million, while the final net income climbed to
€1,563 million, a considerable escalation from the previous year’s €1,264
million, marking a uniform annual growth rate of 24%.
In its most recent quarterly report for 2023, Deutsche Börse Group showcased a strong performance in the third quarter, recording an uptick of 9% in revenues to €1,188.3 million. This is an uplift from the €1,090.2 million observed in the corresponding quarter of the previous year.
