6/29/2021, 10:31 AM (Source: TeleTrader)
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Deutsche Boerse acquires Crypto Finance

Deutsche Boerse Group announced on Tuesday it purchased the majority stake in Crypto Finance AG.

According to the terms of the transaction, which is expected to close in Q4 this year, Deutsche Boerse will hold approximately two-thirds of the fintech firm. The value of the acquisition was not disclosed.

"Digital assets will transform the financial industry. There is increasing demand from established financial institutions who are looking to become active in this new asset class and want a trusted partner," executive board member Thomas Book said.

Baha Breaking News (BBN) / MD