Why This Major German Bank's 4 New Crypto Licenses Matter


Deutsche Borse, a leading bank in Germany, has recently witnessed its subsidiary, Crypto Finance, gain further regulatory clarity and approval to commence crypto trading operations.

This comes amid Deutsche Borse gearing up to introduce its digital exchange, DBDX, targeting institutional investors.

Deutsche Borse Expands Presence in Crypto Market

A recent report indicates that Crypto Finance, a subsidiary of Deutsche Borse, has obtained four key licenses from the German Federal Financial Supervisory Authority (BaFin).

The entity will now be allowed to provide crypto trading, settlement, and custody services to institutional investors in Germany.

Meanwhile, it highlights that Crypto Finance has already secured regulatory approval in Switzerland, adding another feather to its portfolio.

Deutsche Borse initially acquired Crypto Finance in 2021 to bolster its crypto presence throughout Europe.

Recent data from Statista suggests a promising outlook for the crypto industry in Germany, projecting annual revenue to reach approximately $2.5 billion by 2028.

On November 15, BeInCrypto reported that Frankfurt-based Commerzbank AG has received approval from BaFin to run a crypto custody business.

Meanwhile, BaFin recently said that full-service banks like Commerzbank must get an expanded license to offer digital asset services.

On the other hand, enforcement continues for illicit activity with Bitcoin within the nation.

On January 31, German authorities seized 50,000 Bitcoins acquired through copyright law violations and money laundering.

Germany’s Enforcement Action on Crypto

Three different enforcement agencies collaborated to dismantle operations valued at almost $2.13 billion at the time of publication.

“The Public Prosecutor’s Office in Dresden, the State Criminal Police of Saxony, and the Tax Investigation Unit of the Leipzig II Tax Office.”

However, the German government’s intentions for the substantial Bitcoin holdings remain uncertain, causing apprehension and speculation among Bitcoin holders. Concerns arise, particularly if the German authorities opt to sell, potentially impacting Bitcoin’s price.

Meanwhile, from an industry standpoint, Germany continues to hold a strong position in the crypto industry.

Coinbase recently announced Germany as a regional talent hub in an effort to prepare for its expansion across Europe.

In October 2023, Coinbase announced that it had doubled its employee growth over the 12-month period.

“Our German operation has grown from strength to strength, and over the last 12 months, has been our fastest growing office, more than doubling in headcount.”

Source : BeInCrypto / Feb 13, 2024

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.