German stock exchange will offer products derived from cryptocurrencies
The Deutsche Boerse group, owner of the Frankfurt stock exchange, explained that the objective is to expand its services and financial alternatives
During a recent conference of the European Markets Association, Jeffrey Tessler, head of customer services for the Deutsche Boerse group, owner of the Frankfurt stock exchange, reported the company’s intentions to “offer products derived from cryptocurrencies”, in a effort to expand its services and financial alternatives.
“At the moment we are developing the strategies to implement the new services. […] But before proceeding to offer financial products with Bitcoins, we must make sure we understand and evaluate the operation of the transactions, which is not a simple process”, said Tessler
He also clarified that the implementations in the stock market of the German state are not yet “level”, so the company’s authorities will try to draw up strategies regarding the volatility of Bitcoin, before proceeding with the operations.
Last June 2017, Deutsche Boerse revealed its plans to launch a platform for transactions and securities loans based on Blockchain.
N. Moncada
Source: CoinCrispy
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