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Deutsche Börse-owned German crypto company receives crypto licenses ahead of Exchange launch
Deutsche Börse-owned German crypto company receives crypto licenses ahead of Exchange launch
Crypto Finance, a subsidiary of Deutsche Börse, has secure four key licenses from the German Federal Financial Supervisory Authority (BaFin), strengthening its position in the regulated crypto market and fueling anticipation for the upcoming Deutsche Börse digital exchange.
Already regulated in Switzerland, Crypto Finance (Deutschland) can now offer regulated digital asset trading, settlement and custody services to institutions in Germany. The move reinforces its role as a leading provider of institutional-grade crypto products and services.
The licenses come as Deutsche Börse prepares to launch its own digital exchange, DBDX, targeting institutional investors. Crypto Finance’s expertise and regulatory compliance allow it to play a major role within this new ecosystem.
Additionally, the BaFin licenses align Crypto Finance with the upcoming Regulatory Framework for Crypto-Asset Markets (MiCA), reinforcing its commitment to transparency and security in the crypto space. The move contrasts with Binance’s recent rejection of a cryptocurrency custody license, highlighting Crypto Finance’s compliance-focused approach.
Deutsche Börse’s acquisition of Crypto Finance in 2021 solidified the company’s position in the European crypto market. With its existing presence on the SIX exchange in Switzerland and now its German licenses, Crypto Finance benefits from a strong European footprint.