3DX – 360T’s Digital Exchange

We provide access to crypto-assets on a regulated market infrastructure, enabled by comprehensive workflows from trading to reporting and risk management.

Given especially Bitcoin’s performance over the last decade and its rise to one of the most valuable assets globally, institutional investors are either investigating or actively working on including crypto in their portfolio.

Besides regulatory clarity for the crypto business, the biggest missing puzzle piece for investors is who to trust for this business. The bigger and more established the institutional investor is, the more important this question becomes. This is exactly where 3DX comes in.

Beyond the traditional institutional clients, 3DX is committed to supporting both traditional and crypto-native institutional clients, providing tailored solutions to meet the needs of each client segment.

By building on Deutsche Börse Group’s and 360T’s DNA of leading the shifts in how markets operate, we aim to be a leader in institutional crypto-asset trading.

As a regulated, global FX marketplace and technology provider with a 25-year record of delivering robust, high-performant and innovative trading solutions, combined with high-touch customer service and a transparent governance structure, 360T is uniquely placed to bridge the gap between traditional financial services and the rapidly growing crypto market. This is where 3DX comes in.

3DX leverages 360T’s overall capabilities to provide institutional clients with trusted and efficient access to crypto-assets.

For nearly a decade, Deutsche Börse Group has explored digital assets and their integration into capital markets. As institutional interest grew, digital assets became a key component of the group’s strategy, with crypto—being the most liquid —driving its market entry.

The acquisition of Crypto Finance AG – which at the time offered asset management, brokerage, custody, and advisory services – along with the launch of Deutsche Börse Digital Exchange (DBDX), a licensed crypto MTF, Deutsche Börse Group aimed to provide regulated wholesale access to crypto-assets. Simultaneously, 360T introduced Non-Deliverable Forwards (NDFs) to enable synthetic crypto exposure through its existing systems.

To consolidate technology, talent, and clients, DBDX was merged into 360T. From this, 3DX was formed to further harmonise the approach to the crypto space and provide the trading of crypto-assets.

Crypto-assets are not legal tender and are often not backed by any existing protection. Trading and holding crypto-assets entails significant risks, including the potential for the total loss of your investment.

These risks include, but are not limited to:

• Market Volatility: Substantial and unpredictable price fluctuations.
• Liquidity Risk: Limited ability to sell assets without incurring significant losses.
• Consensus Risk: Failures in blockchain protocols affecting asset functionality.
• Concentration Risk: Significant token holdings by a single entity or small group may increase market manipulation or sell-off risks.
• Smart Contract Vulnerabilities: Risks associated with errors or exploitation in code.

While all assets are subject to our Token Listing Framework before being admitted for trading, you remain fully responsible for conducting thorough due diligence and implementing effective risk management practises. By engaging in crypto-asset trading, you confirm your understanding and acceptance of these risks.

3DX is a product suite of 360 Treasury Systems AG, which will include Crypto NDF and Crypto Spot Trading.

Crypto NDFs are traded on the (EU) MTF and are a financial instrument providing synthetic exposure to crypto-assets and are available to EEA clients. Crypto NDFs can be traded like any other financial instrument on the MTF and are subject to MiFID II. Crypto Asset Spot Trading is available on a separate trading venue subject to the Markets in crypto-assets Regulation (MiCAR). This offer is available in all Member States of the European Union (EU27), in addition to the European Economic Area (EEA) countries Liechtenstein and Norway.

We will only provide transaction capabilities to the wholesale market participants that qualify as eligible counterparties or as professional investors as defined within the context of the Markets in Financial Instruments Directive: broadly speaking – Banks, Broker Dealers, Asset Managers, Hedge Funds, Corporate Treasuries and Commodity Trading Advisors. 360T does not provide its services to private investors.

• For more information on compliance, see: www.360t.com/regulatory-affairs/compliance/
• If you have any further questions, please contact [email protected].
• Information on trading of financial instruments can be found in this section: www.360t.com/products/mtf-sef/