First transactions concluded on DBDX cryptoasset trading platform
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First transactions concluded on DBDX cryptoasset trading platform 13 March 2024Germany Reporter: Sophie Downes
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Trading on the Deutsche Börse Digital Exchange (DBDX) has started successfully.
ICF Bank and Bankhaus Metzler were the first pilot clients to use DBDX via Deutsche Börse’s 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 Rössner, chief operations and IT officer at ICF Bank, comments: “Trading 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.”
Miryusup Abdullaev, managing director of DBDX, adds: “The 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.”
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