Deutsche Boerse, owner of the Frankfurt Stock Exchange, is evaluating the possibility of offering cryptocurrency products in the near future according to Bloomberg. Jeffrey Tessler, the company’s head of clients, products and core markets made an announcement at an industry event stating:

“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 told the audience in London at an event organized by the Association for Financial Markets in Europe. “We are deep at work with it” he added.

Tessler went further by differentiating his firm from the CME Group and Cboe Global Markets which both launched bitcoin futures trading last December by stating that Deutsche Boerse is “not at the same stage”. According to the full statement once they understand the volatility of crypto markets they would be able to move forward by offering a service that satisfies both clients and regulators as well.

Even though Deutsche Boerse is not among the first exchanges offering bitcoin futures, they have already been active in the blockchain space if we consider last June’s announcement of a plan regarding the firm moving majority of its post trade services to a blockchain. It uses Hyperledger’s open-source Fabric protocol that enables to transfer securities and move money cross-borders while complying with cross-jurisdictional regulations.