Key Takeaways
- Kraken partnered with Deutsche Börse Group to enhance tradfi-crypto integration.
- The initial focus is on integrating foreign exchange (FX) markets via 360T, Deutsche Börse’s FX trading platform.
Kraken, a regulated crypto trading platform, has partnered with Deutsche Börse Group to advance integration between traditional finance and crypto markets. The collaboration leverages Deutsche Börse Group’s existing infrastructure to enhance institutional access to digital assets.
The initial phase focuses on foreign exchange integration through 360T, Deutsche Börse Group’s electronic trading platform that specializes in FX solutions for traditional finance. This integration aims to provide enhanced institutional access by bridging regulated traditional finance infrastructure with crypto-native capabilities.
Deutsche Börse Group provides trading, clearing, and settlement infrastructure for traditional markets. The partnership represents an expansion into crypto integration, utilizing the company’s 360T platform to improve liquidity for institutional clients seeking exposure to digital assets.
The partnership also includes giving Deutsche Börse Group direct crypto access through Kraken. It will also bring future integration of Xstocks within the 360X ecosystem. In addition, the companies plan to develop new derivatives that would allow Kraken clients to trade Eurex-listed products through a fully regulated structure.
Source: https://cryptobriefing.com/kraken-deutsche-boerse-partnership-tradfi-crypto-integration/
