Deutsche Boerse Officially Presents Bitcoin & Ethereum Custody Service – The New Era of Crypto Begins!

Jakarta, Pintu News – The global crypto market continues to grow with major financial institutions entering the arena.

Deutsche Boerse, one of Europe’s leading financial institutions, recently announced that their post-trade unit, Clearstream, will launch custody and settlement services for Bitcoin and Ethereum .

This move marks a new era in the adoption of digital assets by conventional financial institutions.

Expansion of Crypto Services by Clearstream

Clearstream, which is part of the Deutsche Boerse Group, plans to introduce custody and settlement services for Bitcoin (BTC) and Ethereum (ETH) from April this year.

Read also: BBVA Spain Launches Bitcoin and Ethereum Trading Service!

The new service will be available to their 2,500 institutional clients across Europe. According to a Bloomberg report, the service will be facilitated by Crypto Finance, a majority-owned subsidiary of Clearstream.

Jens Hachmeister, head of issuer services and new digital markets at Clearstream, stated that with this launch, the company aims to create a complete solution that includes custody, brokerage and settlement. This demonstrates Clearstream’s commitment to further integrate with the growing digital asset market.

High Demand and Future Plans

Crypto Finance CEO, Stijn Vander Straeten, revealed that the demand for crypto services from international banking clients is very high.

Many companies spend up to $5 million to develop in-house crypto capabilities. With this service, Clearstream hopes to reduce the burden of cost and complexity for their clients.

In addition, Clearstream also plans to expand their services to other crypto assets as well as additional services such as staking, lending, and brokerage. This shows the company’s vision to not only participate but also lead in the evolution of the digital financial market.

Read also: Thailand Officially Authorizes USDT and USDC for Crypto Trading!

Global Impacts and Market Challenges

The launch of this service comes amid a wave of crypto adoption by major financial institutions around the world. For example, BBVA, the second largest financial institution in Spain, is also planning to launch a new crypto trading service.

However, despite significant progress, the global crypto market is still facing pressure, with the price of Bitcoin (BTC) recently hitting a low of $76,000.

Despite growing support for digital asset classes, global economic uncertainty and fears of a recession in the US continue to influence market sentiment. This suggests that while infrastructure and adoption are increasing, the market is still heavily influenced by broader macroeconomic conditions.

Overall, with major moves by Deutsche Boerse and Clearstream, the future of crypto looks increasingly integrated with the traditional financial system.

Although the market is currently facing challenges, this integration may be the key to long-term stability and growth within the crypto sector.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Deutsche Boerse Subsidiary to Launch Bitcoin, Ethereum Custody Services. Accessed on March 12, 2025
• Cointelegraph. Deutsche Boerse to Launch BTC, ETH Services to Institutions: Report. Accessed on March 12, 2025
• Crypto News. Deutsche Boerse-Backed Clearstream to Offer Custody for Bitcoin, Ethereum. Accessed on March 12, 2025