First transactions concluded on DBDX cryptoasset trading platform
13 March 2024 Germany
Image: NicoElNino
Trading on the Deutsche B枚rse Digital Exchange (DBDX) has started successfully.
ICF Bank and Bankhaus Metzler were the first pilot clients to use DBDX via Deutsche B枚rse鈥檚 T7 trading architecture.
The platform initially offers trading in Bitcoin and Ether. In this transaction, the crypto-asset Ether was traded and settled against euros.
Currently, trading is executed on a request for quote (RfQ) basis.
The crypto spot platform was launched on 5 March and offers a regulated ecosystem for trading, settlement and custody of cryptoassets from a single point of access.
Carsten R枚ssner, chief operations and IT officer at ICF Bank, comments: 鈥淭rading technology and, in particular, the use of a secure distributed ledger technology infrastructure are an important step for our company in the further development of our trading offering and the efficiency of secure settlement processes.鈥�
Miryusup Abdullaev, managing director of DBDX, adds: 鈥淭he successful launch of DBDX is a decisive first step towards a fully regulated and secure ecosystem for trading, settlement and custody of crypto assets, where market participants benefit from the existing technical connectivity.鈥�
ICF Bank and Bankhaus Metzler were the first pilot clients to use DBDX via Deutsche B枚rse鈥檚 T7 trading architecture.
The platform initially offers trading in Bitcoin and Ether. In this transaction, the crypto-asset Ether was traded and settled against euros.
Currently, trading is executed on a request for quote (RfQ) basis.
The crypto spot platform was launched on 5 March and offers a regulated ecosystem for trading, settlement and custody of cryptoassets from a single point of access.
Carsten R枚ssner, chief operations and IT officer at ICF Bank, comments: 鈥淭rading technology and, in particular, the use of a secure distributed ledger technology infrastructure are an important step for our company in the further development of our trading offering and the efficiency of secure settlement processes.鈥�
Miryusup Abdullaev, managing director of DBDX, adds: 鈥淭he successful launch of DBDX is a decisive first step towards a fully regulated and secure ecosystem for trading, settlement and custody of crypto assets, where market participants benefit from the existing technical connectivity.鈥�
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