Deutsche Börse plans to launch a cryptocurrency exchange next year.

According to the foreign media outlet Ledger Insights, the securities exchange under the Deutsche Börse Group is set to launch a regulated cryptocurrency exchange in 2024.

Deutsche Börse Launches Crypto Platform and Explores Stablecoins

Thomas Book, a member of the executive board responsible for trading and clearing at Deutsche Börse, stated that the multi-party trading facility is just a small part of Deutsche Börse's digital asset plans.

According to Ledger Insights, Deutsche Börse is also planning to deploy stablecoins.

As reported by CoinDesk, Deutsche Börse previously acquired custody and trading firm Crypto Finance for $100 million in 2021.

In March this year, Deutsche Börse also partnered with financial services provider Apex Group through its crypto subsidiary Crypto Finance to offer institutional-grade digital asset products, as reported by Finance Magnates.

This information has not been officially confirmed by Deutsche Börse.

The trend of traditional finance entering the crypto space seems to be growing, with exchanges such as EDX, supported by traditional financial giants like Citadel Securities, Fidelity, and Schwab, going live in June.

Wall Street Giants Citadel, Fidelity, and Schwab Backed Exchange EDX Goes Live This Week