German Crypto Trading Standards to be Established by FlatexDegiro
📣 FlatexDEGIRO, a German fintech company, recently unveiled a groundbreaking crypto trading service, shaking up the market with its unique approach to costs. This new service promises market-relevant reference prices and tight spreads for even the biggest orders, as revealed in a statement on a Monday morning.
Behind the scenes, FlatexDEGIRO partners with securities trading bank Tradias for trade flow, and Tangany handles custody. Both partners are under the watchful eye of the Federal Financial Supervisory Authority (BaFin).
While FlatexDEGIRO hasn't clearly defined its unique trading model, the service appears to focus on offering customers low and transparent costs. These low costs might be achievable through several factors: price transparency, regulatory compliance, and market expansion.
Price transparency is a key emphasis for FlatexDEGIRO, providing customers with clear, consistent pricing information. This transparency helps in predicting costs more accurately.
The company's receipt of the European MiCAR license in April 2025 allows FlatexDEGIRO to expand its crypto services across major European markets. This compliance helps maintain stable, predictable operational costs.
Moreover, FlatexDEGIRO plans to expand into additional markets such as the Netherlands, Austria, France, and Spain in Q2 2025. By increasing its user base, the company can potentially benefit from larger volumes and improved efficiencies, ultimately leading to reduced per-transaction costs.
So, while the specifics of FlatexDEGIRO's unique trading model remain under wraps, its focus on cost transparency, regulatory compliance, and market expansion sets the stage for a promising future in the crypto trading landscape! 💼🚀💰
In the expansion of its crypto services, FlatexDEGIRO aims to leverage technology to reduce per-transaction costs, thereby facilitating advancement in the business sector. This aligned approach to finance and industry, coupled with regulatory compliance, could position FlatexDEGIRO as a forerunner in the technology-driven financial landscape.
