DekaBank, the German bank, has launched its cryptocurrency trading service with the assistance of the Boerse Stuttgart stock exchange

2025-02-28 19:17:00

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ChainCatcher news, according to Cointelegraph, the digital asset division of Germany's major stock exchange Boerse Stuttgart is assisting local investment bank DekaBank in providing cryptocurrency trading services for its institutional clients. Boerse Stuttgart Digital announced a partnership with DekaBank on February 28, stating in the announcement that Boerse Stuttgart Digital will provide its regulated infrastructure to enable DekaBank to launch its cryptocurrency services, which are specifically aimed at institutional clients.

This collaboration comes shortly after Boerse Stuttgart Digital Custody received full licensing under the EU's new Markets in Crypto-Assets (MiCA) framework in January. DekaBank, established in 1918, is a leading asset management company in Germany, with total assets exceeding €411.5 billion (approximately $427 billion) as of September 2024.

Previous report indicates that the German financial institution DekaBank has launched cryptocurrency trading and custody services for institutional clients.

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