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Deutsche Börse plans to launch a compliant cryptocurrency exchan

Date:2024-06-14 18:45:41 Channel:Crypto Read:

In the era of booming digital currencies, the latest move of the Deutsche Stock Exchange has attracted global attention. It is reported that the exchange plans to launch a compliant cryptocurrency exchange in 2024 and issue stablecoins at the same time. This move will inject new vitality and confidence into the cryptocurrency market. Let us explore this major event in depth and uncover the various connotations and impacts behind it.

From the traditional financial system to the cross-border innovation in the field of digital currency, the move of the Deutsche Stock Exchange can be regarded as a vane leading the future financial development. The launch of a compliant cryptocurrency exchange will provide investors with a safer and more transparent trading environment, effectively avoiding risks such as market manipulation and information asymmetry. At the same time, the issuance of stablecoins will also bring more diversified investment options to the market, injecting a shot of adrenaline into the digital currency market.

Behind this innovative move, the Deutsche Stock Exchange not only demonstrated forward-looking thinking about the future development of finance, but also reflected its high sense of responsibility for the interests of investors and market stability. This spirit of active exploration and innovation will set a new benchmark for the entire financial industry and lead the future development direction of financial technology.

It is worth mentioning that the compliant cryptocurrency exchange launched by the Deutsche Stock Exchange this time will adopt advanced blockchain technology and smart contracts to ensure the security and immutability of transaction data. The use of this technical means will bring more efficient and safer guarantees to the operation of the exchange and create a fair and transparent trading environment for investors.

With the continuous expansion and development of the digital currency market, the emergence of compliant cryptocurrency exchanges will provide investors with more diversified and flexible investment options. Investors can participate in digital currency transactions more conveniently through this platform to realize asset appreciation and value preservation. At the same time, the issuance of stable currencies will also provide investors with more stable investment options, reduce investment risks, and protect investors' rights and interests.

Against the backdrop of the magnificent digital currency market, the Deutsche Stock Exchange's move can be said to be in line with the trend and grasp the pulse of the development of the times. The compliant cryptocurrency exchange and stable currency it launched will inject new vitality and momentum into the digital currency market and bring more opportunities and choices to investors.

In general, the Deutsche Stock Exchange's move to launch a compliant cryptocurrency exchange and issue stable currencies not only reflects its courage and determination for financial innovation, but also points out a clear path for the development of the entire digital currency market. I believe that with the implementation of this move, the Deutsche Stock Exchange will usher in a more brilliant development in the field of digital currency and contribute its own strength to the prosperity and stability of the global financial market.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Coin Circle (120BtC.COM) News: There is another new case of traditional finance entering the Web3 field. According to foreign media "LedgerInsights", one of the largest stock exchange groups in Europe, Deutsche Börse, recently announced plans to launch a regulated in 2024, and will also issue stablecoins.

Thomas Book, an executive in charge of trading and clearing business, said that the planned exchange is part of the group's ambition to cover the entire value chain of digital assets; as for whether the exchange will be open to retail investors or dedicated to institutional services, there is no further news.

Note: Deutsche Börse is the largest shareholder of Swiss cryptocurrency company Crypto Finance. The group acquired the trading and brokerage company for 100 million Swiss francs in 2021.

Actively develop tokenized securities and launch D7 digital securities

In addition to planning to enter cryptocurrency trading, Deutsche Börse is also active in tokenized securities, funds and alternative assets. Its D7 digital securities registration system uses DLT (distributed ledger technology).

So far, the platform has issued more than 4,000 securities worth more than 3 billion euros. It is worth noting that three-quarters of them were issued last month, as it launched an API (application programming interface) that allows for greater automation. Partners using this solution for issuance also include Commerzbank, DekaBank, KFV, LBBW and Vontobel. .

Actively exploring cryptocurrency technology

Currently, traditional financial institutions are interested in the potential of real asset tokenization (RWA). For example, Deutsche Börse acquired Luxembourg-based fund distribution platform "fundsDLT" in August this year and integrated it with D7 Digital Securities.

In addition, Deutsche Börse also invested in tokenized asset platform 360X together with Commerzbank, targeting the art, music and real estate markets.

Others, including credit, bonds, real estate..., also have the opportunity to enter the blockchain network through tokenization. According to data, according to RWA.xyz, the tokenization scale of the US bond market has increased by 600% from the beginning of the year to date, reaching US$702 million.

The scale of tokenization in the US bond market has soared

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