Bitcoin (BTC) Forward Transactions Suggested By German Stock Exchange
Deutsche Boerse AG which is a Germany-based exchange organization and an integrated provider of products and services covering the process chain of securities and owner of the country’s largest stock exchange, deepens into the blockchain and cryptocurrency industry and may be thinking very seriously about starting to offer bitcoin and cryptocurrency related products to its clients.
Jeff Tessler, Chief Executive of Securities Businesses and ManagingDirector of Deutsche Boerse AG, made the comments at an industry event in London this week that Germany was going to enter into a futures fight.
CME and CBoE which are today US exchange giants, started Bitcoin forward transactions in December. Putting the hypothesis aside, the two trades have done out of their crypto related contributions and no European trade has possessed the capacity to stick to this same pattern with comparative items. Deutsche Boerse could be the first to do as such.
Deutsche Boerse is one of the 10 largest stock exchanges in the world. It is not the first time the company has entered into the blockchain industry. In June last year new ideas were uncovered about an arrangement to move by far most of its post-exchange services to the blockchain. In March the company reported the advancement of a stage for more productive securities utilizing R3’s Corda blockchain innovation technology.
In April rival German stock exchange Boerse Stuttgart announced the release of a cryptocurrency trading app this year. The app, powered by a subsidiary of the exchange, will allow commission free trading of the top few cryptocurrencies.