Proprietary Trading

Systematic internalisers act outside of regulated trading venues on the capital markets and are therefore subject to additional supervisory obligations. Is this also true for OTC-traders of crypto assets?

The probably most essential innovation of blockchain technology is the enabling of transactions of digital assets between two parties without the need to involve a central intermediary like a bank or any other payment service provider as a settlement institution. Cryptocurrencies exist purely virtual and can be digitally transferred between the payer and the payee. […]

Since the prices of Bitcoin, Ether, Litecoin and other cryptocurrencies are approaching new all-time highs these days and more and more institutional investors are interested in including relevant positions of cryptocurrencies into their investment portfolios, also the daily trading volume of the crypto market is increasing accordingly. The 24-hour trading volume over the last couple […]

Next to crypto exchanges and Bitcoin ATMs, crypto payment service providers were one of the business models of the Blockchain community from the very get-go. The user of these services can transfer Bitcoin to the service provider which will in return transfer the equivalent in e.g. Dollar or Euro to a bank account of the […]

A crypto exchange platform does not always have to be designed comparable to professional stock exchanges for requiring the operator to obtain a BaFin permission. Platforms not automatically matching and executing the buy and sell orders of the users can also be required to acquire a BaFin permission prior to its launch if it is […]