360T, part of Deutsche Börse Group, has struck a partnership with Bitpanda to expand institutional access to crypto trading and wider digital asset services across Europe.

The deal connects 360T’s 3DX trading platform with Bitpanda’s digital asset infrastructure, aiming to give banks and other financial institutions a ready-made route into client-facing crypto products.

Announced in Frankfurt and Vienna on Tuesday, the collaboration combines Bitpanda’s digital asset services with 3DX, 360T’s crypto-asset trading venue.

Deal Structure and Scope

According tothe company, institutional clients will be able to offer comprehensive digital asset services to their end-users while they keep liquidity management inside the existing 360T environment.

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Under the model, 3DX continues to operate as the regulated trading venue built on 360T’s established technology stack, which many institutional clients already use for FX and other products.

Bitpanda provides the infrastructure and capabilities needed for retail-oriented crypto services, including access to a broad universe of digital assets and operational support.

360T and Bitpanda position the integration as a way to reduce operational overhead and accelerate time-to-market for firms expanding their digital asset capabilities.

A Bid to Shape Europe’s Digital Asset Rails

Bitpanda presents the agreement as a step forward in its institutional strategy, adding a Deutsche Börse-backed channel to its existing retail and B2B partnerships.

The Vienna-headquartered firm offers more than 650 crypto-assets and works with several institutional partners, underpinned by regulatory permissions that allow it to provide services across the EEA.

360T serves as Deutsche Börse Group’s FX and digital assets arm and runs a multi-bank trading platform that covers FX, crypto-assets, cash and money market instruments for more than 3,000 buy-side clients and over 200 liquidity providers in around 80 countries.

Meanwhile Bitpanda is moving closer to the public markets as it lines up a potential blockbuster listing in Germany’s financial capital.

The exchange is preparing for a potential stock market listing in Frankfurt in the first half of the year, targeting a valuation in the range of 4 billion to 5 billion euros, according to a Bloomberg report. The Austrian firm has reportedly mandated Goldman Sachs, Citigroup and Deutsche Bank to arrange the offering.