Deutsche Boerse enters crypto’s big league with Bitcoin and Ether custody

-

The world of cryptocurrency just got a whole lot more serious. Deutsche Boerse, one of Europe’s biggest exchange groups, is about to launch a major play in the crypto space.

Its trading unit, Clearstream, is gearing up to offer Bitcoin and Ether custody services to over 2,500 institutional clients starting in April 2025. Magic internet money, right?

In banks we trust?

Imagine being able to securely store and manage your digital assets like Bitcoin and Ether through a trusted financial institution.

That’s exactly what Clearstream is offering, thanks to its partnership with Crypto Finance AG, a Swiss subsidiary that Deutsche Boerse acquired a majority stake in back in 2021. But here’s the kicker, they’re not stopping at just custody.

They’re planning to expand into staking, lending, and brokerage services too.

As Jens Hachmeister, head of issuer services at Clearstream, put it, they’re creating a one-stop shop for all your crypto needs.

New regulation, new possibilities

Now, you might be wondering what sparked this move. Well, it’s all about regulation. implemented the Markets in Crypto-Assets Regulation, or MiCA, which wants to bring some order to the wild west of crypto.

It’s a big deal because it sets a standard for how crypto firms operate in Europe, making it safer for institutions to get involved.

But, as with all regulations, there are concerns about overreach. Some experts worry that MiCA might be too strict, pushing smaller crypto firms out of Europe and into more lenient markets like the Middle East.

Middle ground

Think of it like trying to navigate a new city. You need clear rules to avoid getting lost, but too many rules can make it hard to move around.

That’s what’s happening with MiCA. It’s a step towards maturity, but it also means more scrutiny for retail investors.

They’ll have to provide more information and might even face new taxes. It’s a double-edged sword tho, more safety, but also more complexity.

But if you’re an institutional investor, you’re about to get a lot more options for managing your crypto assets.

And if you’re a retail investor, you might need to be prepared for more paperwork and possibly even some new taxes.

Either way, it’s clear that crypto is growing up, and Deutsche Boerse is leading the charge.

Have you read it yet? El Salvador’s Bitcoin rebellion is very well alive

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Tether Eyes a €1B Robotics Deal — A Giant Leap Beyond Stablecoins

Tether seems to be stepping far beyond its stablecoin comfort zone. According to insiders, the USDT issuer is preparing a massive €1 billion investment in...

UFC’s Octagon Just Got a Crypto Makeover: Prediction Markets Crash the Party

Imagine this, you’re glued to your screen, watching two fighters go toe-to-toe in the UFC Octagon. But instead of just yelling at the TV, you’re...

Singapore and Germany Join Forces to Modernize Blockchain Settlements

Singapore and Germany — two major financial powerhouses — have signed a strategic agreement that could reshape how digital assets travel across borders. The Monetary...

It’s Game Over, Bitfarms Quits Bitcoin Mining

Here’s a story straight from the frontlines of tech evolution. Bitfarms, the Bitcoin mining outfit everyone knew for guzzling power and churning out crypto blocks,...
117FollowersFollow

Most Popular

Guest posts