Crypto Finance, a subsidiary of Deutsche Börse, has secured four key licenses from the German Federal Financial Supervisory Authority (BaFin).
Crypto Finance, a subsidiary of Deutsche Börse, has secured four key licenses from the German Federal Financial Supervisory Authority (BaFin), boosting 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. This move strengthens its role as a leading provider of institutional-grade crypto products and services.
The licenses arrive as Deutsche Börse gears up to launch its own digital exchange, DBDX, targeting institutional investors. Crypto Finance's expertise and regulatory compliance position it well to play a major role within this new ecosystem.
Furthermore, the BaFin licenses align Crypto Finance with the upcoming Markets in Crypto-Assets (MiCA) regulatory framework, solidifying its commitment to transparency and security in the crypto space. This move stands in contrast to Binance's recent rejection for a crypto custody license, highlighting Crypto Finance's compliance-driven approach.
The acquisition of Crypto Finance by Deutsche Börse 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 boasts a strong European footprint.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
