Germany’s Deutsche Boerse Plans Bitcoin and Ether Institutional Custody Launch
- Germany’s Deutsche Boerse has announced launching Bitcoin and Ether Institutional Custody.
- There has been a surge in crypto adoption across Europe over the past few months.
The recent market crash has sparked tremendous debate within the digital assets community. While most take a negative outlook, a few members such as asset manager Ark Invest CEO Cathie Wood have a varied perspective. Wood believes that this could be the final leg of a rolling recession, meaning upward movements could follow.
On the other hand, Europe has been growing its crypto adoption irrespective of current market conditions. Notably, Germany-based exchange group, Deutsche Boerse announced plans to launch a Bitcoin and Ether institutional custody.
Through this venture, Deutsche’s trading unit Clearstorm aims to enhance its user experience for institutional clients. The firm also will include settlement services for Bitcoin and Ether transactions for its 2500 institutional clients.
Jens Hachmeister, Clearstream’s Issuer Head stated:
“With this offering, we are creating a one-stop shop around custody, brokerage and settlement,”
Moreover, in order to facilitate this process, Clearstrom is partnering with Deutsche Boerse’s Switzerland-subsidiary Crypto Finance AG. The exchange group also plans to expand services to include staking, lending, and brokerage capabilities in the future.
Is Germany’s Deutsche Boerse an Indication of European Adoption Surge?
Over the past two months, there has been a surge in crypto adoption on a global level. Deutsche Boerse’s recent venture stands testimonial to this recent shift in attitude towards crypto assets particularly within Europe.
Moreover, Germany also recently saw its Ex-Finance Minister, Christian Linder push for a Bitcoin adoption in the country. Previously,in July 2024, the German government sold 50K BTC tokens that were seized in a cryptocurrency fraud.
Another prominent German bank, Commerzbank also initiated Bitcoin and Ethereum trading in September 2024. While the nation still receives criticism for its July BTC sale, recent positive instances might shift community members’ perspectives.
Highlighted Crypto News Today:
Arkham token ARKM Surges 14% Following Upbit Listing Amid Market Slump
Read More
ETF Weekly Recap: Bitcoin ETFs Bleed $173 Million As Tariff Fears Shake Investor Confidence
Germany’s Deutsche Boerse Plans Bitcoin and Ether Institutional Custody Launch
- Germany’s Deutsche Boerse has announced launching Bitcoin and Ether Institutional Custody.
- There has been a surge in crypto adoption across Europe over the past few months.
The recent market crash has sparked tremendous debate within the digital assets community. While most take a negative outlook, a few members such as asset manager Ark Invest CEO Cathie Wood have a varied perspective. Wood believes that this could be the final leg of a rolling recession, meaning upward movements could follow.
On the other hand, Europe has been growing its crypto adoption irrespective of current market conditions. Notably, Germany-based exchange group, Deutsche Boerse announced plans to launch a Bitcoin and Ether institutional custody.
Through this venture, Deutsche’s trading unit Clearstorm aims to enhance its user experience for institutional clients. The firm also will include settlement services for Bitcoin and Ether transactions for its 2500 institutional clients.
Jens Hachmeister, Clearstream’s Issuer Head stated:
“With this offering, we are creating a one-stop shop around custody, brokerage and settlement,”
Moreover, in order to facilitate this process, Clearstrom is partnering with Deutsche Boerse’s Switzerland-subsidiary Crypto Finance AG. The exchange group also plans to expand services to include staking, lending, and brokerage capabilities in the future.
Is Germany’s Deutsche Boerse an Indication of European Adoption Surge?
Over the past two months, there has been a surge in crypto adoption on a global level. Deutsche Boerse’s recent venture stands testimonial to this recent shift in attitude towards crypto assets particularly within Europe.
Moreover, Germany also recently saw its Ex-Finance Minister, Christian Linder push for a Bitcoin adoption in the country. Previously,in July 2024, the German government sold 50K BTC tokens that were seized in a cryptocurrency fraud.
Another prominent German bank, Commerzbank also initiated Bitcoin and Ethereum trading in September 2024. While the nation still receives criticism for its July BTC sale, recent positive instances might shift community members’ perspectives.
Highlighted Crypto News Today:
Arkham token ARKM Surges 14% Following Upbit Listing Amid Market Slump
Read More