German stock exchange snaps up Swiss cryptocurrency firm - SWI swissinfo.ch: The operators of Germany's main stock exchange have paid more than CHF100 million ($108 million) for a majority stake in Swiss cryptocurrency service provider Crypto Finance. The move reflects a growing trend of traditional financial institutions gearing themselves up for an anticipated growth in the trade of digital financial assets. Founded in 2017, Zurich-based Crypto Finance specialises in the storage and trading of a range of cryptocurrencies. The company acts as an intermediary between professional traders and crypto exchanges where the likes of bitcoin can be bought and sold. For example, Spanish bank BBVA will lean on Crypto Finance to execute its recently announced cryptocurrency services for clients at its Swiss private banking unit. Deutsche Börse, owners of Germany’s largest stock exchange, is one of many well-established global trading venues to embrace cryptocurrencies and other forms of digital assets in recent months. The Swiss stock exchange is also poised to enter the space with the impending launch of its Swiss Digital Exchange (SDX) platform. “Digital assets will transform the financial industry. There is increasing demand from established financial institutions
German stock exchange snaps up Swiss cryptocurrency firm - SWI swissinfo.ch
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