According to Bloomberg’s report, Deutsche Böerse, the German stock and securities market operator, said that it is deeply studying the cryptocurrency integration method.

In an industry event, Jeffrey Tessler, the company’s customer, product, and core market leader, told the audience that the company was busy “understanding” the technology behind Bitcoin and then decided whether to “promote” the related business.

In March of this year, Tessler suggested that the high volatility of Bitcoin prices prevented Deutsche Börse from entering the relevant market. His remarks this week undoubtedly indicate that the company has taken a big step from its original position.

Tessler said this week:

“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. We are deep at work with it.”

Although he did not express interest in offering Bitcoin-related products and did not specify the relevant plans, Tessler acknowledged that Deutsche Börse was not in the same stage as its US rivals, the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). Both US companies launched bitcoin futures in December last year.

Therefore, if the cryptographic products of Deutsche Börse eventually appear in the market, they may focus on similar products .

Tessler added:

“We want to understand the volatility and make sure clients are in line and make sure regulators are in line.”

Deutsche Börse has participated in the blockchain pilot project. In March this year, it collaborated with the liquidity management company HQLAx to develop a blockchain-based securities lending platform using R3’s Corda platform.

image via http://bomdia.lu