Jeffrey Tessler, head of clients at Deutsche Boerse, said the exchange is ready to apply cryptocurrency products to its clients, but before that occurs, they want to be certain that both their clients and the regulators are on the same page.
A Boerse representative made this statement at an industry event in London organized by the Association for Financial Markets in Europe on Wednesday.
According to Bloomberg, Tessler specified that the exchange is ready to consider launching bitcoin products, but for this, they need to clarify its volatility, and also make sure that clients and regulators “are in line.”
“Before we move forward with anything like Bitcoin we want to make sure we understand the underlying transaction which isn’t the easiest thing to do,” Tessler said.
The German stock exchange is likely to oversee the CME Group and Cboe Global Markets that started trading bitcoin futures last December. Tessler noted that the group is “deep at work” with Bitcoin, Tessler said, but is “not at the same stage” as CME.
By Ekaterina Ulyanova