Deutsche Börse launches cryptocurrency products on the agenda

Deutsche Börse launches cryptocurrency products on the agenda


Included in ten  largest exchanges of the world Deutsche Börse can in the visible future start the futures on bitcoin and other cryptocurrencies. Exact terms, however, while remain unknown, Сoindesk writes.

Corresponding statements before in motion on branch event Jeffrey Tessler, head on the basic markets of Deutsche Börse did in London.

“Before we will heave ahead, working with bitcoin and to him by similar assets, we want to make sure, that we understand base principles – and it is the not easiest to understand thing. We work on it”, – Tessler said.

According to him, high volatility cryptocurrencies is a main moment, perturbing most regulators. In this connection Deutsche Börse first of all wants to estimate and bring down the risks of the price wave.

First about probability start of the futures on bitcoin Deutsche Börse  reported yet at the end of 2017.

Simultaneously with this Deutsche Börse actively investigates blockchain space. So, last year a company declared about intention to move greater part post-trading services to blockchain, and already reported this year, that engaged in development the platform for the loans of securities on blockchain Corda consortium R3.

Jars and financial institutions in the whole world lately manage sectional pilots for the different types of transactions. At the end on April the Spanish bank of BBVA became the first global bank, giving out a credit on blockchain. A bank declared that the use of the up-diffused book abbreviated tim the treatment  credit in size of 75 million euro from “days to hours”.

Before this week the Thai bank of Krungsri conducted transfrontal trial payment in the bank sand-box  Bank of Thailand with Japanese Mitsubishi Group, by their bank subdivision of MUFG Bank and Standard Chartered Singapore Bank. Krungsri’s is a fifth on a size bank of Thailand on assets.

Argentinas Banco Masventas (BMV) recently declared partnership with a financial service provider Bitex on a base blockchain, that will allow to the clients to use Bitcoin as an alternative of SWIFT in transfrontal transactions.

Leave a Comment

Your email address will not be published.

You may also like

Hot News