German Stock Exchange Eyes Bitcoin and Cryptocurrencies

cryptocuser 1 min read 318

Tessler included, “Before proceeding forwards with anything like bitcoin, we would like to comprehend that the volatility and be certain clients are consistent and be certain regulators are consistent. ”

Two months ago, Deutsche Boerse declared a strategy to work with all the financial management company HQLAX and R3’s Corda blockchain platform to execute a system that may offer more effective securities settlement with a blockchain. HQLAX and R3 already have an option for securities lending with several big banks, including ING and Credit Suisse.
Back in December 2017, authorities in the U.S. greenlit bitcoin futures for its CME Group and CBOE Futures Exchange, however since then, no major European exchange has jumped in. Speaking at an industry event in London on May 23, 2018, Jeffrey Tessler, head of clients, products and core markets such as Deutsche Boerse, said they’re thinking of offering cryptocurrency products:”We’re deeply at work with it.”

Published at Fri, 25 May 2018 14:05:41 +0000

Tessler is quoted in Bloomberg confirming that Deutsche Boerse is “perhaps not at precisely exactly the same point ” as CME and they need to make sure they know the underlying trade “which isn’t the simplest thing to do. ”

Frankfurt Stock Exchange parent company, Deutsche Boerse AG, appears to have begun work on technology that will permit them to offer their clients bitcoin and cryptocurrency-related products.