Deutsche Börse and Bitpanda combine their crypto trading infrastructure
- The Deutsche Börse in Frankfurt and the Vienna crypto exchange Bitpanda intend to enter into a far-reaching cooperation that is likely to reorganize institutional access to digital assets in the EU.
- Specifically, this concerns the connection of Bitpanda’s digital infrastructure with the trading platform 3DX, which is operated by the Deutsche Börse subsidiary 360T.
The new partnership is the first of its kind in the European Union’s new, unified MiCA legal framework. The cooperation envisages Bitpanda connecting its infrastructure for trading and custody of digital assets directly to 3DX.
3DX is one of the first MiCA-compliant providers for institutional crypto trading. In the future, commercial banks should be able to access regulated crypto liquidity via their existing 360T interfaces without having to set up their own wallet or trading infrastructures.
This creates an offer that is regulated and technically securely scalable, two aspects that are new to the crypto market, the lack of which has previously prevented many banks from entering the crypto market.
EU als Digital‑Asset‑Hub
For years, Deutsche Börse has pursued a clear digital strategy that includes tokenization, digital securities and regulated trading venues.
Bitpanda has developed from a retail broker into an infrastructure provider that has become interesting for institutional partners.
The cooperation is therefore seen as a signal that Europe will not only keep up with global competition, but will also set its own standards.
Bitpanda co-CEO Lukas Enzersdorfer-Konrad emphasized that the collaboration will show what role Europe can play in the global crypto system in the future.
Outlook and further projects
Both companies are already examining further joint projects, for example in the areas of connectivity, trading workflow and infrastructure development.
New digital asset products could also follow as soon as MiCA is fully implemented.
For Bitpanda, the cooperation comes at a strategically good time: the company wants to do so this year on the stock exchange in Frankfurt. The collaboration with Deutsche Börse supports this project and illustrates Bitpanda’s ambition to become a leading European infrastructure provider for digital assets.
No Comments