
German Banking Giant Commerzbank Now Offers Crypto Trading and Custody Services
Under the terms of the partnership with Commerzbank, Crypto Finance will handle trading services, while the bank will focus on the custodianship of assets.
Under the terms of the partnership with Commerzbank, Crypto Finance will handle trading services, while the bank will focus on the custodianship of assets.
The launch of DBDX marks a milestone in Deutsche Börse’s strategic vision to lead the digitalization of asset classes, as outlined in their “Horizon 2026” strategy.
Deutsche Börse intends to further use cloud computing to accelerate the development of its digital post-trading platform D7 and a crypto trading platform to ensure sustainable future growth prospects.
Deutsche Börse also intends to launch its stablecoins to facilitate a seamless entry into the digital asset economy for institutional investors.
The two companies will work together to expand their market footprint by sharing client and infrastructure resources. This acquisition gives the Deutsche Börse Group 2/3rd controlling stake in the Swiss FinTech firm.
Yesterday, Wirecard shares plummeted, losing 60% after the news about the accounting scandal broke on Thursday. The losses continued today. Wirecard CEO Markus Braun has resigned.
London-based investment firm ETC Group is going to list the Bitcoin Exchange Traded Crypto (BTCE) product on Deutsche Börse’s Xetra market.
Fear over the spread of the coronavirus tightened its grip on global stock markets. The indexes clearly reflect the situation. In the premarket Dow Futures lost over 600 points.
The WFE, which scouts together over 70 exchanges, including the London Stock Exchange Group, Deutsche Borse, NASDAQ, and Intercontinental Exchange, has requested FCA not to illegalize cryptocurrency derivatives.