Deutsche Börse's 360T discloses 3DX Digital Exchange, a platform dedicated to cryptocurrencies
Deutsche Börse, a leading global exchange organization, and 360T, a subsidiary of Deutsche Börse Group specializing in FX trading, have joined forces to launch 3DX Digital Exchange, an integrated cryptocurrency trading platform. This new platform operates under the Markets in Crypto-Assets Regulation (MiCAR), providing a regulated environment for crypto trading compliant with evolving European crypto asset laws.
Carlo Kölzer, CEO of 360T and Head of FX and Digital Assets at Deutsche Boerse Group, stated that the launch of 3DX Digital Exchange represents a significant milestone in 360T's history. The platform is designed to foster innovation by offering algorithmic and sophisticated trading capabilities in crypto, akin to those in FX markets, enhancing liquidity and trading efficiency.
3DX combines Deutsche Börse's market expertise with 360T’s established FX trading technology to offer a seamless platform for trading a broad range of crypto assets. The platform currently supports bilateral settlement, but it's expected to evolve in the future.
The launch of 3DX Digital Exchange is a strategic move by Deutsche Boerse Group to capitalize on the increasing interests in digital assets. It demonstrates Deutsche Boerse Group's broader commitment to lead in the digital assets space.
Europe's MiCA crypto regulations are now in force, and 3DX Digital Exchange is fully compliant with these regulations. The platform offers prices for BTC and ETH in dollars and euros. 360T received a license from BaFin to operate a crypto trading platform a month ago, further emphasizing its commitment to being a trusted partner in the evolving crypto landscape.
360T, as part of Deutsche Boerse Group, aims to grow as a trusted partner in the evolving crypto landscape. The launch of 3DX Digital Exchange is a response to the increasing interests from 360T's clients in the digital assets space. The platform is positioned to grow as a trusted partner in the evolving crypto landscape.
The launch of 3DX Digital Exchange is an extension of 360T's role as a global marketplace. It allows clients to use the same connectivity, technology, and workflows as 360T and expands its offering from crypto non-deliverable forwards (NDFs) to the spot market.
In summary, 3DX Digital Exchange is a MiCAR-compliant, institutional-level crypto trading platform that integrates Deutsche Börse’s and 360T's capabilities, focusing on regulated, innovative crypto trading within the European market landscape.
[1] Source: Deutsche Börse Group press release, dated 22nd February 2023.
- The partnership between Deutsche Börse and 360T has led to the creation of 3DX Digital Exchange, a platform that operates under MiCAR regulation and offers insight into the evolving European crypto asset industry. (regulation, MiCAR, industry, crypto, assets)
- 360T, a subsidiary of Deutsche Boerse Group, aims to grow as a trusted partner in the digital assets space, with the launch of 3DX Digital Exchange being a response to increasing client interests in this area. (360T, Deutsche Boerse Group, digital assets, trust, clients)
- The 3DX Digital Exchange platform, which combines Deutsche Börse's market expertise with 360T’s established FX trading technology, is poised to expand 360T's role as a global marketplace, now offering spot market trading in addition to crypto NDFs. (3DX Digital Exchange, Deutsche Börse, 360T, FX trading, global marketplace, spot market)
