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Good News for Bitcoin and Ethereum from Germany's Largest Stock Exchange!
Bitcoin and altcoins continue to struggle with sharp declines, while positive news comes from Germany for Bitcoin and Ethereum.
According to Bloomberg, Germany's largest stock exchange Deutsche Boerse announced that its post-trade unit Clearstream plans to launch Bitcoin and Ethereum custody services in Europe this year.
BTC and ETH custody services will only be offered to institutional clients in Europe.
The BTC and ETH service, which will be offered to more than 2,500 corporate customers, is expected to start in April.
Clearstream will offer BTC and ETH custody services through its Swiss-based subsidiary Crypto Finance AG, which Deutsche Boerse acquired the majority stake in 2021.
Deutsche Boerse's move coincides with the increasing institutional pressure on crypto services in Europe following the implementation of the MiCA on 30 December 2024 for crypto asset service providers.
Like the positive steps taken in the Bitcoin and crypto space in the US, Deutsche Boerse's move with BTC and ETH also failed to increase market sensitivity. Investors continue to remain vigilant in the face of broader economic and global events.